The Riyad Bank Composite Purchasing Managers Index (PMI) for Saudi Arabia exhibited a slight increase in May 2025, reaching 55.8 from the previous month's figure of 55.6. This marks a sustained upward trajectory for the country's economy, as indicated by numbers released on June 3, 2025.
The PMI, a key economic indicator used to gauge the overall health of the manufacturing and services sectors, signals that Saudi Arabia's private sector remains firmly in expansive territory. A reading above 50 indicates growth, and the current reading further reinforces confidence in the nation’s economic momentum despite global uncertainties.
Driving this growth is a combination of increased output and new orders, bolstered by improving demand conditions domestically and abroad. The slight uptick from April's figure underscores a stable yet positive growth rate, promising persistence in economic activities. As the Saudi economy continues to diversify away from oil dependence, the consistent rise in PMI figures highlights promising progress in the broader economic spectrum.
