The Clap
The Saudi Ministry of Economy and Planning launched a proactive indicator “MEPX”, to monitor, follow, and analyze economic indicators and data, issued by the official authorities in the country.
The Deets
The index will track the business cycle of the private sector, assess the economic situation, and provide analysis to officials and decision-makers to help them formulate effective and timely economic policies.
MEPX
The index consists of ten sub-indicators, equipped with statistical tools capable of predicting fluctuations and turning points for the private sector in KSA on an ongoing basis.
The index can be classified into four main categories: the consumer sector, the corporate sector, the financial sector, and trade.
The index will give specialists in the Ministry of Economy and Planning a deeper view of the latest data, as well as the ability to follow up on growth drivers in the private sector, and make predicitions.
What Now
According to the latest World Economic Outlook, Saudi Arabia will become the fastest-growing major economy in the world this year, with a growth rate of 7.6%.
