Saudi Arabia's non-oil private sector expansion decelerated in July, with the S&P Global Purchasing Managers' Index (PMI) slipping to 53.1 from 53.3 in June.
The decline marks a modest softening in the kingdom's economic momentum, driven primarily by a contraction in export orders.
Despite the lower headline figure, the underlying data reveals continued strength in domestic demand.
Output levels remained robust, supported by steady internal consumption and service sector activity.
This divergence suggests that while external headwinds are impacting exporters, the domestic economy remains a stable anchor for growth.
The resilience of the non-oil sector is critical for Saudi Arabia's Vision 2030 diversification strategy.