Saudi non-oil business confidence dips in July
- Source
- Argaam - Main News
- Source link
- https://www.argaam.com/en/article/articledetail/id/1927771
- Published
- 2026-08-10 14:32:00
- Discovered by ProcIntel
- 2026-08-10 14:24:13
- Category
- GCC Spotlight
- Geography
- Saudi Arabia
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/ee7d8bda-99ca-441e-8087-02f0c9d02487.png" ></p> <p class="ckeCaption" >GASTAT defines business confidence index as a measure of optimism about future developments in non-oil sector.</p> <hr> <p >Saudi Arabia's non-oil business confidence index (BCI) slipped 0.05% in July 2026 from the previous month, according to data released by the General Authority for Statistics (<strong>GASTAT</strong>).</p> <p ></p> <p >The index declined 0.1 point to 56.5 in July from 55.6 in June, reflecting broad optimism across the business sector. This was supported by firms' confidence in the stability of economic activity in the Kingdom and continued growth across various sectors.</p> <p ></p> <p >GASTAT defines the business confidence index as a measure of optimism about future developments in the non-oil sector, based on surveys covering output, inputs, employment, as well as business development and expansion activities.</p> <p ></p> <p ></p> <p ></p> <p ></p> <p >The industrial sector's BCI inched lower 0.4% month-on-month (MoM) to 54.7 in July.</p> <p ></p> <p ></p> <p ></p> <p ></p> <p >The services sector's BCI also declined by 0.4% MoM to 55.3, while the construction sector's BCI lost 0.1% to 57.7.</p> <p ></p> <p></p> <p></p> <p></p> <p></p> <p ></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span ><span >BCI Based on Economic Activities</span></span></strong></p> </td> </tr> <tr > <td > <p ></p> </td> <td > <p align="center" ><strong><span ><span ><span >June 2026</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >July 2026</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Change</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Industry</span></span></strong></p> </td> <td > <p align="center" ><span ><span >55.0</span></span></p> </td> <td > <p align="center" ><span ><span >54.7</span></span></p> </td> <td > <p align="center" ><span ><span ><span >(0.4%)</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Services</span></span></strong></p> </td> <td > <p align="center" ><span ><span >55.5</span></span></p> </td> <td > <p align="center" ><span ><span >55.3</span></span></p> </td> <td > <p align="center" ><span ><span ><span >(0.4%)</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Construction</span></span></strong></p> </td> <td > <p align="center" ><span ><span >57.8</span></span></p> </td> <td > <p align="center" ><span ><span >57.7</span></span></p> </td> <td > <p align="center" ><span ><span ><span >(0.1%)</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Headline Non-Oil Business</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >56.6</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >56.5</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >(0.05%)</span></span></span></strong></p> </td> </tr> </tbody> </table> <p ></p>
Procurement Relevance Gate
- commodity_or_input_impact (weight 12) — matched on "oil"
- capacity_production_disruption (weight 12) — matched on "output"
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
- Initial Significance
- 2 · Moderate (35.0/100)
- Initial Confidence
- 2 · Low (31.5/100)
- Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.
- Partial
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth
Initial Significance Moderate (35.0/100). Strongest contributor: Procurement Impact (27.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- No likely Event type matched; a low contextual baseline was applied.
- No eligible (non-geographic, non-fictional) entities were linked to this Signal.
- no matched Event type
- no actor entities (only attribution/metadata, if any)
- no actor content-derived geography
- single source only
- Only source-level entity metadata was available.
- Only source-level geography metadata was available.
- Source metadata did not contribute to Initial Confidence.
Methodology signal_scoring_v1 — calculated 2026-08-10 14:24:13.