Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s Purchasing Managers’ Index (PMI) rose for the second consecutive month in October, increasing to 58.4 points from 57.2 points in September, driven by robust business conditions within the Kingdom.
- Saudi Arabia’s total number of employees in the private sector reached 10.7 million workers in October, according to the Saudi National Labor Observatory.
- Saudi Arabia’s Industrial Production Index rose by 0.8 percent in September compared to August, primarily driven by a slight increase in mining and quarrying activities. Mining and quarrying activities registered a monthly increase of 0.6 percent in September.
