Saudi Non-Oil Business Growth Slows in October — Market Talk
Bullish strength: 40/100
- PMI remained above 50, indicating continued private-sector expansion.
- Business output accelerated, supported by domestic demand.
Bearish strength: 60/100
- PMI declined from 55.3 to 54.0.
- New export orders fell for an eighth consecutive month.
- Purchasing-price inflation reached a six-month high.
- Higher freight and insurance costs are weighing on export demand.
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