Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up

A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index.

POS and cash withdrawals rose by 18 percent and 2 percent , year-on-year, respectively. Graphic via Jadwa Investment.

POS and cash withdrawals
rose by 18 percent and 2
percent , year-on-year,
respectively. Graphic via Jadwa Investment.

The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in the Saudi economy.

The broad measure of money supply (M3) rose by 2 percent in November, year-on-year, and showing a marginal rise by 0.3 percent month-on-month.

The report notes that SAMA FX reserves declined marginally by $200 million month-on-month to stand at $504.4 billion in November, and that the net monthly change to government accounts with SAMA was down by $1.9 billion month-on-month in the same month.

[Click here to read the full report from Jadwa Investment] [In Arabic]