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Saudi business community displays mixed sentiments in Q3 2013

Wednesday, 2 October, 2013

Saudi business community displays mixed sentiments in Q3 2013, however Y-o-Y optimism levels
increase for both hydrocarbon & non-hydrocarbon sector.


  • Composite BOI for the hydrocarbon sector gains 8 points to stand at 39, up from 31 in Q2 2013
  • Although the Composite BOI for the non-hydrocarbon sector witnesses a cyclical decline of 6 points to 49 from 55 in Q2 2013, yet Y-o-Y comparison reveals higher BOI levels in Q3, 2013 when compared with the same period last year
  • Within the non-hydrocarbon sector, Transportation, Construction & Manufacturing sectors have higher optimism levels for Q3, 2013 compared with other sectors
  • Construction and Business Service sectors are most optimistic on hiring, while Transportation firms have high optimism on profitability
  • Petrochemical manufacturing firms have higher optimism compared with non-petrochemical manufacturing units 
  • The outlook of hotels & restaurants has declined by 19 points reaching 31 points while wholesale & retail trading firms hold a stable outlook for the coming quarter
  • Majority of the respondents in the non-hydrocarbon sector (61%) and hydrocarbon sector (67%) do not foresee any negative factors which could impact business operations in Q3 2013 
  • Investment outlook of Saudi businesses remains steady with a majority (51%) of
    respondents planning to invest in business expansion

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