FX.co ★ Saudi Arabia's Riyad Bank PMI Shows Slight Decline in February, Signals Continued Growth

The Riyad Bank Composite Purchasing Managers' Index (PMI) for Saudi Arabia witnessed a slight decline in February, falling from 60.5 in January to 58.4. The updated figures, released on March 4, 2025, indicate a cooling from the previous month's elevated levels, although the index remains firmly in growth territory.

The PMI, a critical gauge of the economic health in the non-oil private sector, suggests that while expansion is continuing, it is occurring at a more moderated pace. A reading above 50 signifies expansion, and Saudi Arabia continues to exhibit strong economic resilience despite the slight dip.

This moderating growth could imply a more sustainable economic trajectory as businesses adjust to evolving market conditions. Analysts will be closely monitoring subsequent PMI releases to evaluate whether this trend continues or if the Kingdom reverts to higher growth rates characteristic of prior months.