03.10.201702:45:00UTC+00Saudi Arabia Non-Oil Private Sector Growth Remains Strong

Saudi Arabia's non-oil private sector growth remained relatively stable at the end of the third quarter, survey data from IHS Markit showed Tuesday.

The headline Emirates NBD Purchasing Managers' Index, or PMI, edged down to 55.5 in September from 55.8 in August. However, any reading above 50 indicates expansion in the sector.

Sharp growth in output and new orders were key contributors towards the most recent improvement in operating conditions. Employment growth remained slight overall and unchanged from August.

On the price front, input price inflation eased to a three-month low in September, while output prices fell for the first time in four months.