Kuwait’s non-oil sector steadies in April, UAE maintains growth

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Sun, 2024-05-05 10:49

RIYADH: Non-oil activities in Kuwait demonstrated steady growth in April, buoyed by effective advertising and competitive pricing, supporting the expansion in new orders, an economy tracker revealed. 

According to the latest Kuwait Purchasing Managers’ Index by S&P Global, the country’s PMI dipped to 51.5 in April from 53.2 in March. 

A PMI reading above 50 indicates growth in the non-oil private sector, while readings below 50 signal contraction. 

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