Saudi Arabia has seen a minor slowdown in its Riyad Bank Composite Purchasing Managers’ Index (PMI), which decreased from 58.4 in February to 58.1 in March 2025. This slight decrease marks a pause in the upward trend observed in previous periods, raising questions regarding the pace of economic activity in the kingdom.
Released on April 7, 2025, the latest PMI figures suggest a continued robust expansion, albeit at a marginally slower rate. The PMI remains well above the 50-mark threshold that separates growth from contraction, indicating that although growth momentum has softened slightly, the economy is still in an expansionary phase.
Economists and policymakers will undoubtedly monitor these figures closely to understand any underlying shifts in economic dynamics and to calibrate policy measures accordingly. Nonetheless, Saudi Arabia remains committed to its ambitious Vision 2030 plans, which aim to diversify the economy away from oil dependency, and this latest data suggests it remains on a solid, albeit slightly moderated, growth path.
