The underlying Nigeria survey showed six months of expansion, while later inputs described separate July non-oil PMI releases for Saudi Arabia and the United Arab Emirates.
The core Nigeria reading remained a July 2026 Stanbic IBTC PMI of 52.5, down from 53.4 in June and consistent with a sixth straight monthly improvement in private-sector conditions. Later inputs appear to describe different Gulf releases rather than the same event: Saudi Arabia's Riyad Bank non-oil PMI was reported at 53.1, down from 53.3, while the newest input showed the S&P Global UAE PMI rising to 52.7 from 50.8, its strongest improvement since March after June's more than five-year low. The UAE survey cited a five-month high in new orders, renewed export growth, expanding output and hiring, robust purchasing activity, supply-related inventory declines, elevated input cost inflation, modest selling price gains and confidence at its lowest since March, with only 7% of firms expecting higher output over the coming year.