Riyad Bank Saudi Arabia’s PMI eased to 56.3 in January 2026 from 57.4 in December, the lowest in six months and slightly below its long-term average. Still, the reading is consistent with a robust expansion, suggesting growth momentum has cooled but operating conditions remain firmly in positive territory. Business activity continued to rise at a solid pace and new orders increased at a marked rate, reflecting resilient domestic conditions. Export demand also strengthened, as new export orders expanded at the fastest pace since October 2025. Employment growth remained strong, though the pace of hiring eased to the softest in a year after peaking last October. Cost pressures intensified for a second straight month, with higher input prices, purchase costs, and staff expenses, particularly for metals, materials, fuel, and technology. Business confidence improved from December but stayed below its long-term average, pointing to cautious optimism for 2026. source: S&P Global

Manufacturing PMI in Saudi Arabia decreased to 56.30 points in January from 57.40 points in December of 2025. Manufacturing PMI in Saudi Arabia averaged 56.43 points from 2011 until 2026, 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.

Manufacturing PMI in Saudi Arabia decreased to 56.30 points in January from 57.40 points in December of 2025. Manufacturing PMI in Saudi Arabia is expected to be 56.50 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 55.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Changes in Inventories -5645.00 51611.00 SAR Million Sep 2025
Corruption Index 57.00 59.00 Points Dec 2025
Corruption Rank 45.00 38.00 Dec 2025
Crude Oil Rigs 107.00 102.00 Jan 2026
Industrial Production YoY 8.90 10.40 percent Dec 2025
Industrial Production Mom -0.10 -1.30 percent Dec 2025
Manufacturing Production 3.20 8.10 percent Dec 2025
Mining Production 13.20 12.60 percent Dec 2025


Saudi Arabia Non-Oil Private Sector PMI
In Saudi Arabia, the seasonally adjusted Riyad Bank 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 is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Saudi Non-Oil Private Sector Stays Expansionary
Riyad Bank Saudi Arabia’s PMI eased to 56.3 in January 2026 from 57.4 in December, the lowest in six months and slightly below its long-term average. Still, the reading is consistent with a robust expansion, suggesting growth momentum has cooled but operating conditions remain firmly in positive territory. Business activity continued to rise at a solid pace and new orders increased at a marked rate, reflecting resilient domestic conditions. Export demand also strengthened, as new export orders expanded at the fastest pace since October 2025. Employment growth remained strong, though the pace of hiring eased to the softest in a year after peaking last October. Cost pressures intensified for a second straight month, with higher input prices, purchase costs, and staff expenses, particularly for metals, materials, fuel, and technology. Business confidence improved from December but stayed below its long-term average, pointing to cautious optimism for 2026.
2026-02-03
Saudi Non-Oil Private Sector Growth Eases at Year-End
Riyad Bank Saudi Arabia’s PMI fell to 57.4 in December 2025 from 58.5 in November, signaling a cooling but still solid expansion in non-oil private sector activity as 2025 concluded. While marking the slowest growth in four months, the headline index remained slightly stronger than its long-run average, as business activity continued to rise, though it softened to its weakest since August. New orders increased sharply again but growth also moderated amid concerns over rising competition and market saturation. Employment growth remained robust, with firms continuing to expand capacity, even as backlogs accumulated at the fastest since July. On prices, inflationary pressures intensified as purchase prices rose more quickly, prompting firms to lift selling prices at a stronger pace, while wage pressures eased to their lowest in nearly two years. Business confidence weakened to its lowest since July, reflecting a more cautious outlook for 2026 despite expectations of continued growth.
2026-01-05
Saudi Non-Oil Private Sector Growth Remains Strong
Riyad Bank Saudi Arabia’s PMI stood at 58.5 in November 2025, easing from October’s 11-year high of 60.2 but still pointing to a strong improvement in non-oil private sector conditions. Activity accelerated to its fastest pace since January as firms reported solid sales flows and steady project work. New business continued to rise sharply, though growth cooled slightly from October’s surge and export gains were modest. Hiring remained firm after last month’s near-record increase, with companies expanding capacity to handle rising workloads and a continued build-up of backlogs. Cost pressures softened, with operating expenses rising at the slowest in eight months as purchasing costs became less burdensome, though wages stayed historically elevated. Output charges increased for a sixth month but at a slower rate. Business optimism strengthened to a five-month high, driven by healthy demand pipelines, ongoing investment activity, and confidence in the Kingdom’s non-oil expansion momentum.
2025-12-03