The reading remained below the 50.0 mark that signals expansion, though it stayed close to the survey’s long-term average of 48.2.
David Owen, Chief Economist at S&P Global Market Intelligence, stated: "The non-oil private sector recorded its strongest improvement in business conditions in over five years in November, indicating a strong end to 2025."
The contraction was driven by a sharper drop in new orders and output, along with a pause in employment growth and falling business confidence.
The report noted that the non-oil private sector contracted for the sixth consecutive month in August, as weak demand continued to weigh on business activity.
The seasonally adjusted headline PMI increased to 49.5, up from 48.8 in June, signaling a softer contraction in business activity and marking the highest reading since February.
