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.