The IHS Markit Saudi Arabia PMI declined to 54.1 in August 2021 from 55.8 a month earlier, pointing to the lowest reading since March, as output expanded at softest pace in ten months while new orders growth slowed, amid a softer recovery in export demand. Meanwhile, the rate of job creation was unchanged from July and marginal, with companies highlighting that current output capacity was sufficient to complete existing work. On the price front, input prices inflation eased at the softest pace in six months, driven by a slowdown in purchase price inflation and a renewed drop in staff expenses, amid higher prices for oil, transport and raw materials such as aluminium. Meanwhile, output prices inflation accelerated to the fastest pace in a year, due to strengthening demand and a mark-up in competitors’ prices encouraged them to raise their charges. Finally, business confidence remained subdued. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.07 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 September of 2021.

Manufacturing PMI in Saudi Arabia is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
54.10 55.80 61.80 42.40 2011 - 2021 points Monthly
SA


News Stream
Saudi Private Sector PMI Lowest in 5 Months
The IHS Markit Saudi Arabia PMI declined to 54.1 in August 2021 from 55.8 a month earlier, pointing to the lowest reading since March, as output expanded at softest pace in ten months while new orders growth slowed, amid a softer recovery in export demand. Meanwhile, the rate of job creation was unchanged from July and marginal, with companies highlighting that current output capacity was sufficient to complete existing work. On the price front, input prices inflation eased at the softest pace in six months, driven by a slowdown in purchase price inflation and a renewed drop in staff expenses, amid higher prices for oil, transport and raw materials such as aluminium. Meanwhile, output prices inflation accelerated to the fastest pace in a year, due to strengthening demand and a mark-up in competitors’ prices encouraged them to raise their charges. Finally, business confidence remained subdued.
2021-09-05
Saudi Non-Oil Private Sector PMI Falls to 3-Month Low
The IHS Markit Saudi Arabia PMI declined to 55.8 in July 2021 from 56.4 a month earlier, pointing to the lowest reading since April, as both output and new orders growth slowed as COVID-19 restrictions eased. At the same time, the rate job of creation slowed as only small proportion of firms reported needing additional staff. In addition, backlogs were reduced solidly, suggesting a wide gap between demand and full capacity in spite of a sharp increase in new orders in recent months. On the price front, input prices continued to rise, although the pace of inflation slowed to the softest since March, amid ongoing global supply shortages. As, a result, output prices inflation accelerated to the fastest since November 2020, due to higher sales and rising prices for raw materials and fuel. Finally, sentiment deteriorated to the weakest since June 2020.
2021-08-03
Saudi Non-Oil Private Sector PMI Stays at 4-Month High
The IHS Markit Saudi Arabia PMI stood at 56.4 in June 2021, unchanged from a month earlier, pointing to the highest reading since January, amid easing of Covid-19 restrictions. Output continued to rise sharply, while new orders growth strengthened at the fastest pace since January. Meanwhile, the rate job of creation accelerated to the fastest rate since November 2019, but was only modest overall. Input buying was also up sharply, with the rate of growth quickening to a 21-month high. On the price front, input price inflation eased for the first time in 2021. As, a result, output prices rose increased slightly. Finally, sentiment improved to a five-month high, amid expectations of a further relaxation of COVID-19 measures, which firms hope will boost client demand and output.
2021-07-05
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 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.