Saudi non-oil private sector deteriorates in August after tax hike: PMI – The New York Times
DUBAI – Business conditions in Saudi Arabia’s non-oil private sector deteriorated in August after signs of stabilization the previous month as demand was affected by a sharp increase in the value-added tax, a report revealed. survey Thursday.
The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) fell to 48.8 from 50.0 in July, falling below the 50 mark that separates…