Saudi Arabia’s non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as hiring rates reached their joint-fastest pace in more than a decade, a survey has shown.
The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) slid to 55.6 in April, the lowest reading since last August, from 58.1 in March, while remaining firmly in growth territory.
The slowdown in new
