“The Saudi Arabia PMI rebounded in April to indicate a strengthening of growth across the non-oil economy. New orders picked up at the quickest rate for three months as business conditions continued to recover from COVID-19.”

-David Owen, Economist at IHS Markit. Business activity in Saudi Arabia’s non-oil private sector hit a three-month high in April and employment grew for the first time in five months, a survey showed on Tuesday. [Reuters]