Reviews the week’s macroeconomic and market news from Saudi Arabia and the U.S. The brief includes Saudi equity performance, oil market review, U.S.-Saudi business and trade news, and key global developments.
Weekly Market Briefs
The Weekly Market Brief is available to USSBC Members. For more information, please inquire here.
Saudi Arabia Macroeconomic Developments The IMF’s 2022 Article IV Consultation for Saudi Arabia revealed a GDP growth of 7.6 percent for 2022. Non-oil growth will increase to 4.2 percent in...
Saudi Arabia Macroeconomic Developments Saudi Arabia PMI held steady at 55.7 points in May, indicating continued expansion of the non-oil private sector economy. Output and new orders grew as customer...
Saudi Arabia Macroeconomic Developments Oil exports from Saudi Arabia rose 36 percent MoM (+123 percent YoY) in March to reach SAR114 billion ($30.4 billion). Non-oil exports (excluding re-exported goods) from...
Saudi Arabia Macroeconomic Developments Saudi Arabia posted a budget surplus of SAR57.5 billion ($15.3 billion) in Q1 2022, according to the Ministry of Finance. Revenues reached SAR278 billion ($74 billion)...
Saudi Arabia Macroeconomic Developments Saudi consumer inflation rose 2.3 percent YoY (+0.4 percent MoM) in April, a faster rate than the previous month mainly due to higher transportation and food...
Saudi Arabia Macroeconomic Developments The Saudi Central Bank (SAMA) raised key interest rates by 50 basis points following the same move from the U.S. Federal Reserve. Saudi Arabia’s repo rate...