Saudi Arabia's Non-Oil Private Sector PMI rose to 53.8 in October of 2018 from a four-month low of 53.4 in the previous. New orders increased markedly, extending the current phase of growth to six months. Also, employment went up for the seventh month in a row and firms ramped up their input buying at a marked pace. In addition, foreign demand improved following a deterioration in September. Meanwhile, output rose the least in 3 months. On the price front, input costs declined slightly on lower purchase costs, providing some relief for firms’ margins. Output prices increased modestly after declining in the prior three months. Meanwhile, business optimism about future output increased markedly, with nearly half of all firms surveyed expecting their output to be higher in a year’s time, while the other half expected current levels of output to be sustained. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 52.40 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 56.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 in 2020, according to our econometric models.

Saudi Arabia Non-Oil Private Sector PMI
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Saudi Arabia Business Last Previous Highest Lowest Unit
Business Confidence 3.00 -12.00 63.00 -12.00 Index Points [+]
Manufacturing PMI 53.80 53.40 61.80 51.40 [+]
Industrial Production 3.44 -0.26 25.87 -24.93 percent [+]
Changes in Inventories 17508.00 121176.00 121176.00 -51524.00 SAR Million [+]
Internet Speed 6705.52 6321.15 6705.52 1242.08 KBps [+]
IP Addresses 3510242.00 3551866.00 4339235.00 177395.00 IP [+]
Industrial Production Mom 0.59 -1.99 3.50 -3.10 percent [+]
Manufacturing Production 8.09 17.47 21.50 -2.65 percent [+]
Mining Production 2.01 -5.90 6.02 -6.75 percent [+]
Competitiveness Index 67.50 65.91 67.50 4.54 Points [+]
Competitiveness Rank 39.00 41.00 41.00 17.00 [+]
Ease of Doing Business 92.00 92.00 96.00 10.00 [+]
Corruption Index 49.00 46.00 52.00 33.00 Points [+]
Corruption Rank 57.00 62.00 80.00 46.00 [+]
Steel Production 470.00 483.00 558.00 7.00 Thousand Tonnes [+]

Saudi Arabia Non-Oil Private Sector PMI

In Saudi Arabia, the Emirates NBD 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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53.80 53.40 61.80 51.40 2011 - 2018 Monthly

Country Last
Australia 58.30 Oct/18
Brazil 51.10 Oct/18
Canada 53.90 Oct/18
China 50.10 Oct/18
Euro Area 52.00 Oct/18
France 51.20 Oct/18
Germany 52.20 Oct/18
India 53.10 Oct/18
Indonesia 50.50 Oct/18
Italy 49.20 Oct/18
Japan 52.90 Oct/18
Mexico 50.70 Oct/18
Netherlands 57.10 Oct/18
Russia 51.30 Oct/18
Saudi Arabia 53.80 Oct/18
Singapore 51.90 Oct/18
South Africa 42.40 Oct/18
South Korea 51.00 Oct/18
Spain 51.80 Oct/18
Switzerland 57.40 Oct/18
Turkey 44.30 Oct/18
United Kingdom 51.10 Oct/18
United States 55.70 Oct/18