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September 05, 2023
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Saudi Arabia PMI 56.6 in Aug-23



- Saudi Arabia's August 2023 PMI of 56.6 indicates a slight decline in economic activity, marking the lowest level since July 2022.
- This figure falls 1.56 points below the one-year average, suggesting a moderation in the pace of economic growth.
August 28, 2023
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Saudi Arabia M3 money supply 9.34% y-o-y in Jul-23

- Saudi Arabia's M3 money supply exhibited a substantial growth rate of 9.34% year-on-year in July 2023, surpassing both its previous reading of 9.08% and the one-year average by 0.48 percentage points.
- The current M3 growth rate in Saudi Arabia stands 0.80 percentage points above the long-run average, indicating an upward trend in money supply beyond what is typically observed.

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