Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows - Reuters
Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows Reuters
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Notable Quotes
"You shouldn't place too much emphasis on the first few games. You play your own game. It's important to remember that the season is long and it's worth playing all of it."
— Bryce Harper , Athlete
"the big thing with Saturday's strikeout was we missed too many pitch in the zone and early in the count. You can't chase late and miss pitches early, it's a bad combination."
— Warren Schaeffer , Athlete
"The primary cause, according to Riyad Bank's chief economist, was short-term uncertainties linked with the geopolitical tensions of the region."
— Riyad Bank's chief economist , Executive
"The softer reading was mainly driven by a pause in new orders as clients adopted a more cautious stance."
— Naif Al-Ghaith , Executive
Key People
Bryce Harper is a professional baseball player known for playing as an outfielder for the Philadelphia Phillies.
Ezequiel Torvar is a rookie baseball player for the Colorado Rockies.
Chief economist at Riyad Bank.
An economist providing insight on Saudi Arabia's economic situation.
Taijuan Walker is a professional baseball pitcher for the Philadelphia Phillies.
Tomoyuki Sugano is a professional baseball pitcher for the Colorado Rockies.
Troy Johnston is a professional baseball player for the Colorado Rockies.
Warren Schaeffer is a baseball coach.
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<a href="https://news.google.com/rss/articles/CBMiywFBVV95cUxNWWFSdnI4bjBVSHF2N1ZoMW5PMmpkY3JZaElybS1TQ1EwZkgySk40Mzl6Z2Z3cEpyVDBzNFMxYXdLVHVuOFlWMlQ3c0otMzgxRGRycXoyWkNVd19NbTRtYm51Tm1UMzdnWDF2S2sxdjlHUXo4YzJaTHphVTRqVG83VG41NU5VTGh4UVhHWW1tZW52dEdHUDRjM1dVSnppdE9MaU5fbVFTT1pGZHl3d3lJYTZQVXplTWJzWlB3YkdDbXZjNDlYanBLNHV2UQ?oc=5" target="_blank">Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows</a> <font color="#6f6f6f">Reuters</font>
Saudi Arabia's non-oil private sector contracted in March for the first time since August 2020, as the Middle East conflict disrupted supply chains, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) dropping to 48.8 from 56.1 in February.
Saudi Arabia's non-oil private sector contracted in March for the first time since August 2020, as the Middle East conflict disrupted supply chains, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) dropping to 48.8 from 56.1 in February.
Saudi Arabia's non-oil private sector contracted in March for the first time since August 2020, as the Middle East conflict disrupted supply chains, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) dropping to 48.8 from 56.1 in February.
Saudi Arabia's non-oil private sector shrank in March for the first time in nearly six years, as the intensifying regional conflict severely disrupted supply chains and dampened domestic demand, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) plummeting to 48.8 from 56.1 in February.
Saudi Arabia's non-oil sector contracted in March (PMI 48.8) due to Middle East war-driven supply chain disruptions, marking its first post-pandemic downturn. Export demand collapsed (new orders subindex 45.2) as logistics bottlenecks halted cross-border activity, though long-term Vision 2030 diversification remains intact.
Saudi Arabia's non-oil private sector contracted in March for the first time since August 2020, as the war in the Middle East disrupted supply chains, according to a business survey.
Saudi Arabia's non-oil sector contracted in March as S&P Global PMI fell to 48.8, the first sub-50 reading since 2020. Geopolitical tensions and the Strait of Hormuz closure disrupted supply chains, causing a 20% global shipping capacity drop and a 45.2 New Orders sub-index plunge.
Saudi Arabia's non-oil private sector contracted in March for the first time since August 2020, as the Middle East conflict disrupted supply chains, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) dropping to 48.8 from 56.1 in February.
A business survey revealed that Saudi Arabian non-oil sector activity fell in March for the first time since August 2020. The war in the Middle East had slowed down supply chains, with the Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) falling to 48.8 from 56.1 in February.
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