Saudi Arabia’s non-oil private sector maintained its expansionary momentum in July 2026, though at a marginally slower pace, according to the latest Riyad Bank Composite PMI data. The index edged down to 53.1 in July from 53.3 in June 2026, based on figures updated on 4 August 2026.
Despite the slight dip, the reading remains comfortably above the 50-point threshold that separates growth from contraction, signaling continued, albeit softer, business activity expansion across the kingdom’s private sector. The modest slowdown suggests that while momentum has cooled, underlying economic conditions remain supportive of ongoing growth.
