#non-oil sector
The Purchasing Managers' Index (PMI) rose above the neutral 50.0 mark in August, up from 49.7 in July to 50.4, indicating the first improvement in the health of the non-oil private sector since November 2020 according to latest data from S&P Global. The Purchasing Managers Index (PMI) is a tool that tracks a country’s non-oil business conditions by looking at production, employment, logistics, and trade. A PMI score below 50 means business conditions are shrinking, while a score above 50…
