FX.co ★ Saudi Arabia’s Private Sector Momentum Eases Slightly as Riyad Bank Composite PMI Dips in February

Saudi Arabia’s non-oil private sector growth moderated marginally in February, as the Riyad Bank Composite Purchasing Managers’ Index (PMI) edged down to 56.1 from 56.3 in January 2026.

Despite the small decline, the indicator remains comfortably above the 50-point threshold that separates expansion from contraction, signaling that the kingdom’s private sector continues to grow, albeit at a slightly slower pace than at the start of the year.

The latest reading, updated on 3 March 2026, suggests that underlying business conditions remain robust, with February marking another month of solid activity in line with Saudi Arabia’s ongoing economic diversification efforts.