Saudi Arabia’s SME PMI at 53.8 as new orders hit 7-month high
- The growth in new orders reached its fastest pace in seven months, driven by increased sales inquiries and resilient domestic conditions.
- Job creation in the SME sector saw its strongest level in six months, bolstered by robust business activity and plans to expand.
- Despite general demand improving, geopolitical tensions and high cost pressures remain challenges for growth in SMEs.
- The survey indicates optimism among SMEs for the year ahead, fueled by positive expectations for sales and regional stability, although confidence has slightly decreased since August.
