Private sector maintains growth rate in July

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The private sector in the Kingdom maintained a steady growth rate during July, although slightly slower than in June, supported by increased customer numbers, purchases and production.

According to reports, the seasonally adjusted S&P Global Purchasing Managers' Index for Saudi Arabia fell to 56.3 in July from 57 in June, below the series average of 56.8 but still well above the 50 level between growth and contraction, and the production sub-index fell to 59.9 in July from 61.8 in June, also below the 61.4 level recorded in 2009.

The production sub-index fell to 59.9 in July from 61.8 in June, also below the 61.4 level recorded in 2009.

According to reports.