Saudi business confidence remains upbeat at 55.5 despite October dip

RIYADH: Saudi Arabia’s Business Confidence Index stood at 55.5 in October, remaining firmly in optimistic territory despite a 1.1-point monthly decline, official data showed. The index, released by the General Authority for Statistics, remained above the 50-point threshold that separates optimism from pessimism, indicating continued confidence among business establishments outside oil-related activities. The reading followed a recovery from a low…