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Industrial production growth in Saudi Arabia at the fastest pace in 4 years

Has risen PMI for Saudi Arabia released by S&P Global, rose to 56.8 points in March from 56.2 points in February, amid production growth at the fastest pace in four years.

Higher energy and material prices have led to the largest increase in both costs and selling fees since August 2020.

Input prices also increased at the fastest pace in a year and a half.

The data also showed that Saudi companies are generally optimistic regarding future activity.

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