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Saudi Arabia PMI Non-Oil Private Sector 57.2 in Sep-23

- Saudi Arabia's non-oil private sector experienced noteworthy expansion in September 2023, with a PMI reading of 57.2, indicating positive growth.
- This reading represents the highest level since July 2023, suggesting a robust economic recovery. Nonetheless, it is still 1.01 points below the one-year average, indicating room for further improvement.

Saudi Arabia M3 money supply 9.59% y-o-y in Aug-23

- The M3 money supply in Saudi Arabia recorded its highest year-on-year growth since March 2023, reaching 9.59% in August 2023.
- This growth is 0.68 percentage points higher than the one-year average and 1.05 percentage points above the long-run average, suggesting potential policy changes or economic shifts in Saudi Arabia.

Saudi CPI Inflation 2.0% y-o-y in Aug-23

- Saudi Arabia's year-on-year CPI inflation in August 2023 recorded a growth rate of 2.0%, the lowest since February 2022 and below both the one-year and long-run averages.
- On a monthly basis, CPI inflation remained stagnant at 0.0% in August 2023, indicating price stability during the period.

Saudi Arabia CPI inflation 1.95% y-o-y in Aug-23

- Consumer price inflation in Saudi Arabia dropped to 1.95% year-on-year in August 2023, marking the lowest growth rate since February 2022.
- The August inflation rate is 0.87 percentage points below the one-year average, while remaining in line with the long-run average, suggesting a stable pricing environment in the country.