In a robust display of economic resilience, Saudi Arabia's non-oil private sector continues its upward trajectory, as evidenced by the latest Riyad Bank Composite Purchasing Managers' Index (PMI). For June 2025, the PMI registered a notable increase, reaching 57.2, up from 55.8 in May. This development, updated on July 3, suggests that business conditions in the kingdom are improving at a significantly healthy clip.
The PMI is a key economic indicator that provides insights into the business climate of the non-oil private sector. An index above 50 signals expansion, making June's figure a reassuring sign that follows the country's ambitious economic diversification goals under the Vision 2030 plan. The steep rise is suggestive of increased business activity, stronger market demand, and a sustained improvement in non-oil sector performance.
The jump in the PMI points towards positive sentiment among investors and businesses in Saudi Arabia, highlighting the effectiveness of policies aimed at stimulating non-oil growth. As the kingdom continues to navigate a post-oil future, such performance metrics bring optimism for continued economic resilience and broader recovery trends in the region.
