The drop in PMIs in the Gulf last month appears to reflect the impact of recent austerity measures, including the introduction of a new value-added tax, at the start of this year. But conditions should improve over the coming months, particularly in Saudi Arabia, where recently-announced public sector bonuses will begin to filter through.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services