The IHS Markit Saudi Arabia PMI increased to 56.4 in May 2021 from 55.2 a month earlier, pointing to the highest reading since January, amid an easing of Covid-19 restrictions. Output expanded at the fastest pace since December 2017, while new orders growth strengthened at the fastest pace in four months, with exports orders rose to the greatest extent since the end of 2015 as global demand strengthened amid the roll-out of COVID-19 vaccines. Meanwhile, employment rose for the second straight month, but the pace of expansion slowed from April and was only slight. On the price front, input price inflation accelerated due to a faster rise in raw material prices. As, a result, output prices continued to increase. Finally, sentiment weakened amid uncertainty about the future. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.09 points from 2011 until 2021, reaching an all time high of 61.80 points in September of 2014 and a record low of 42.40 points in March of 2020. This page provides the latest reported value for - Saudi Arabia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Non-Oil Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Manufacturing PMI in Saudi Arabia is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Saudi Arabia to stand at 60.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 points in 2022, according to our econometric models.

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Saudi Arabia Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.40 55.20 61.80 42.40 2011 - 2021 points Monthly
SA


News Stream
Saudi Non-Oil Private Sector PMI Highest in 4 Months
The IHS Markit Saudi Arabia PMI increased to 56.4 in May 2021 from 55.2 a month earlier, pointing to the highest reading since January, amid an easing of Covid-19 restrictions. Output expanded at the fastest pace since December 2017, while new orders growth strengthened at the fastest pace in four months, with exports orders rose to the greatest extent since the end of 2015 as global demand strengthened amid the roll-out of COVID-19 vaccines. Meanwhile, employment rose for the second straight month, but the pace of expansion slowed from April and was only slight. On the price front, input price inflation accelerated due to a faster rise in raw material prices. As, a result, output prices continued to increase. Finally, sentiment weakened amid uncertainty about the future.
2021-06-03
Saudi Non-Oil Private Sector Grows the Most in 3 Months
The IHS Markit Saudi Arabia PMI increased to 55.2 in April 2021 from 53.3 a month earlier, pointing to the highest reading since January, amid an easing of Covid-19 restrictions. Output expanded at the fastest pace since January, while new orders growth strengthened, with demand picking up for the first time in this year. Firms were also helped by renewed growth in export sales that was linked to strengthening demand from Asia. Meanwhile, employment rose for the first time in five months and to the greatest extent since November 2019. Efforts to boost capacity also helped to reduce backlogs, albeit at the slowest rate since last September. On the price front, input price inflation accelerated due to a faster rise in raw material prices. As, a result, output prices continued to increase. Finally, sentiment weakened on concerns about strength of the economic recovery from Covid-19 and the pandemic’s impact on tourism activity.
2021-05-04
Saudi Non-Oil Private Sector Grows the Least in 5 Months
The IHS Markit Saudi Arabia PMI declined to 53.3 in March 2021 from 53.9 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output continued to grow, while new orders growth eased to a five-month low. Meanwhile, employment largely were stable, indicating one of the best job market performances since prior the COVID-19 outbreak. On the price front, input price inflation accelerated to a four-month high. Conversely, competitive pressures and stock clearances led to a renewed fall in output charges. Finally, sentiment weakened to a nine-month low, as firms stress cautious optimism.
2021-04-05
Saudi Non-Oil Private Sector Expands the Least in 4 Months
The IHS Markit Saudi Arabia PMI declined to 53.9 in February 2021 from 57.1 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output expanded at the softest pace since November 2020, while new orders growth eased to a four-month low. Meanwhile, employment lagged the recovery in output again as firms reduced job numbers for the third month running. On the price front, input price inflation accelerated to a three-month high, while output charges increased marginally, particularly as some firms offered discounts to win additional clients. Finally, sentiment weakened to the lowest since last October.
2021-03-03

Saudi Arabia Non-Oil Private Sector PMI
In Saudi Arabia, the IHS Markit Saudi Arabia Purchasing Managers’ Index measures the performance of companies in non-oil private sector and is derived from a survey of 400 companies, including manufacturing, services, construction and retail. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the non-oil private sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.