Saudi non-oil business activity expands in Dec, new orders jump – World

DUBAI: Non-oil business activity in Saudi Arabia grew solidly in December, a survey showed on Wednesday, with new orders rising at the fastest pace in six months.

The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December, the same as November’s reading, ending the year well above the 50 mark signalling growth.

The output sub index with a reading…