Output dropped 0.2% from April to May 2023 as a decline in pharmaceuticals outweighed more vehicle manufacturing, according to the Wiesbaden-based statistics office.
Inventory levels in the logistics industry, which recorded a score of 42.9 during June 2023, are contracting at the second-fastest rate in LMI history.
Saudi Aramco raised the prices of all grades to the U.S., northwest Europe and the Mediterranean, compared with July 2023, according to a price list seen by Bloomberg.
Spending rose by 1.3% from April 2023 to May 2023, according to a June 29 statement from the economy ministry, beating economists’ expectations of a 0.8% increase.