The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index fell 0.6% in January 2026 from December 2025, according to data from the General Authority for Statistics (GASTAT). 
The index reached 61.6 points last month, marginally down from 62 points in December 2026, reflecting continued optimism in the business sector, supported by confidence in the stability of the kingdom’s economic activity and continued growth across various industries.
GASTAT defines the business confidence index as a measure of optimism and pessimism about future developments in the non-oil sector, based on surveys covering output, inputs, employment, as well as business development and expansion activities.
Non-Oil Business Confidence Index
Period
Index (points)
Monthly Change
Jan 2025
64.8
+3.7%
Feb
63.2
(2.5%)
Mar
61.8
(2.1%)
Apr
62.7
+1.5%
May
62.5
(0.3%)
Jun
61.5
(1.7%)
Jul
61.1
(0.6%)
Aug
60.8
(0.4%)
Sep
61.7
+1.5%
Oct
61.1
(1.1%)
Nov
60.7
(0.6%)
Dec
62.0
+2.2%
Jan 2026
61.6
(0.6%)
The month-on-month (MoM) non-oil business confidence index in the industrial sector fell 0.8% to 61.7 points, the services sector dropped 1.2% to 61.3 points, and the construction sector declined 0.3%.
Non-Oil Business Confidence Index Based on Economic Activities
Sector
Dec 2025
Jan 2026
Change
Industry
62.2
61.7
(0.8%)
Services
62.0
61.3
(1.2%)
Construction
61.8
61.6
(0.3%)
Overall Non-Oil Business
62.0
61.6
(0.6%)
The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index fell 0.6% in January 2026 from December 2025, according to data from the General Authority for Statistics (GASTAT).
The index reached 61.6 points last month, marginally down from 62 points in December 2026, reflecting continued optimism in the business sector, supported by confidence in the stability of the kingdom’s economic activity and continued growth across various industries.
GASTAT defines the business confidence index as a measure of optimism and pessimism about future developments in the non-oil sector, based on surveys covering output, inputs, employment, as well as business development and expansion activities.
Non-Oil Business Confidence Index
Period
Index (points)
Monthly Change
Jan 2025
64.8
+3.7%
Feb
63.2
(2.5%)
Mar
61.8
(2.1%)
Apr
62.7
+1.5%
May
62.5
(0.3%)
Jun
61.5
(1.7%)
Jul
61.1
(0.6%)
Aug
60.8
(0.4%)
Sep
61.7
+1.5%
Oct
61.1
(1.1%)
Nov
60.7
(0.6%)
Dec
62.0
+2.2%
Jan 2026
61.6
(0.6%)
The month-on-month (MoM) non-oil business confidence index in the industrial sector fell 0.8% to 61.7 points, the services sector dropped 1.2% to 61.3 points, and the construction sector declined 0.3%.
Non-Oil Business Confidence Index Based on Economic Activities
Sector
Dec 2025
Jan 2026
Change
Industry
62.2
61.7
(0.8%)
Services
62.0
61.3
(1.2%)
Construction
61.8
61.6
(0.3%)
Overall Non-Oil Business
62.0
61.6
(0.6%)
