Saudi **n-oil business activity accelerates in June - PMI

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Growth in Saudi Arabia's **n-oil business activity rose to a five-month high in June, bolstered by strong growth in output and new orders, a survey showed on Thursday. The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index increased to 59.2 points last month from 57.0 points in May. Readings above 50 de**te expansions in activity, while readings below that point to contractions.

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