Kuwait’s non-oil sector grows in March ’25

Kuwait’s non-oil private sector experienced a sharp acceleration in growth in March 2025, according to the latest S&P Global PMI data. The headline Purchasing Managers’ Index (PMI) rose to 52.3, up from 51.6 in February, marking a solid monthly improvement and the seventh consecutive month of growth.

The rise in new orders was particularly notable, spurred by stronger client demand, new product offerings, and competitive pricing. New export orders also saw their fastest increase of the year-to-date. Output rose significantly, and for the 26th consecutive month, businesses expanded activity. Despite a sharp increase in input costs, selling price inflation remained marginal, as companies kept prices low to attract customers.

Employment returned to growth after a dip in February, driven by higher new orders. However, job creation was only marginal, and companies continued to report insufficient staffing levels to manage the rising workload, leading to a further increase in backlogs. Inventories were replenished as firms sought to manage workloads more efficiently.

Optimism about future output reached a three-month high, with over 34% of firms expecting growth driven by new marketing strategies and competitive pricing. Despite some challenges, firms in Kuwait’s non-oil sector remained confident in their ability to maintain growth momentum through the year.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama