The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index increased by 4.6% in April 2026 from March 2026, according to data from the General Authority for Statistics (GASTAT). 
The index reached 54.5 points last month, up by 2.4 points from 52.1 points in March 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
+2.2%
Jan 2026
61.6
(0.6%)
Feb
60.7
(1.5%)
Mar
52.1
(14.2%)
Apr
54.5
+4.6%
The month-on-month (MoM) non-oil business confidence index in the industrial sector rose by 5.4% to 53.5 points, the services sector increased by 3.7% to 53.9 points, and the construction sector recorded an increase of 5.1% to 55.7 points.
The growth across sectors was driven by increased business optimism, particularly regarding expectations for overall performance, sales, and purchase orders.
Non-Oil Business Confidence Index Based on Economic Activities
Sector
Mar 2026
Apr 2026
Change
Industry
50.8
53.5
+5.4%
Services
52
53.9
+3.7%
Construction
53
55.7
+5.1%
Overall Non-Oil Business
52.1
54.5
+4.6%
The Kingdom of Saudi Arabia’s flag
Saudi Arabia’s non-oil business confidence index increased by 4.6% in April 2026 from March 2026, according to data from the General Authority for Statistics (GASTAT).
The index reached 54.5 points last month, up by 2.4 points from 52.1 points in March 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
+2.2%
Jan 2026
61.6
(0.6%)
Feb
60.7
(1.5%)
Mar
52.1
(14.2%)
Apr
54.5
+4.6%
The month-on-month (MoM) non-oil business confidence index in the industrial sector rose by 5.4% to 53.5 points, the services sector increased by 3.7% to 53.9 points, and the construction sector recorded an increase of 5.1% to 55.7 points.
The growth across sectors was driven by increased business optimism, particularly regarding expectations for overall performance, sales, and purchase orders.
Non-Oil Business Confidence Index Based on Economic Activities
Sector
Mar 2026
Apr 2026
Change
Industry
50.8
53.5
+5.4%
Services
52
53.9
+3.7%
Construction
53
55.7
+5.1%
Overall Non-Oil Business
52.1
54.5
+4.6%
