Saudi Arabia's non-oil business activity shrinks in March amid conflict, PMI shows - Reuters

<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>&nbsp;&nbsp;<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.

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.

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 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.

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.