The S&P Global Composite Purchasing Managers' Index for Saudi Arabia registered 48.8 in March, compared to 56.1 in February.
April 5 (Reuters) - Saudi Arabia's non-oil private sector activity contracted in March for the first time since August 2020 as a result of the impact of the Middle East war on supply chains, an economic survey published on Sunday showed.
The seasonally adjusted Saudi Arabia Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 48.8 in March from 56.1 in February. Readings below 50 indicate a contraction in activity.
