The IHS Markit Saudi Arabia PMI increased to 44.4 in April 2020 from 42.4 in March. The latest survey data were collected between 7-22 April, reflecting a slower reduction in new work and a stronger contribution from the suppliers' delivery times component, amid measures at home and abroad to combat the COVID-19 pandemic. Output continued to decline, and lower volumes of activity were almost exclusively attributed to business closures and shrinking customer demand. Where growth was reported, survey respondents often cited rising spending on healthcare products and services. Meantime, new export orders and employment dropped at the fastest pace since the survey began in August 2009. Looking ahead, confidence strengthened slightly but still at a historically low level, mainly reflecting uncertainty about the length of worldwide lockdown measures.

Manufacturing PMI in Saudi Arabia averaged 56.53 points from 2011 until 2020, 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 May of 2020. source: Markit Economics

Manufacturing PMI in Saudi Arabia is expected to be 46.00 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 53.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2021 and 56.50 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
44.40 42.40 61.80 42.40 2011 - 2020 points Monthly
SA


News Stream
Saudi Arabia Non-Oil Private Sector Shrinks for 2nd Month
The IHS Markit Saudi Arabia PMI increased to 44.4 in April 2020 from 42.4 in March. The latest survey data were collected between 7-22 April, reflecting a slower reduction in new work and a stronger contribution from the suppliers' delivery times component, amid measures at home and abroad to combat the COVID-19 pandemic. Output continued to decline, and lower volumes of activity were almost exclusively attributed to business closures and shrinking customer demand. Where growth was reported, survey respondents often cited rising spending on healthcare products and services. Meantime, new export orders and employment dropped at the fastest pace since the survey began in August 2009. Looking ahead, confidence strengthened slightly but still at a historically low level, mainly reflecting uncertainty about the length of worldwide lockdown measures.
2020-05-05
Saudi Arabia Non-Oil Private Sector PMI Hits Record Low
The IHS Markit Saudi Arabia PMI plunged to a record low of 42.4 in March 2020 from 52.5 in February. The latest survey data were collected between 12-23 March, signaling a steep economic downturn even before the tightening of workplace and travel restrictions to contain the COVID-19 pandemic. Output fell for the first time in more than ten years of data collection and both new orders and export sales contracted at survey-record paces, with the latter reflecting the closure of international borders and subsequent bookings cancellations. In addition, employment declined slightly, directly linked to company shutdowns, while backlogs of works slumped to its lowest level since the survey began. Looking ahead, confidence weakened to the lowest since comparable data were first collected in April 2012.
2020-04-05
Saudi Arabia Non-Oil Private Sector Grows the Least in 2 Years
The IHS Markit Saudi Arabia PMI dropped to 52.5 in February 2020, the lowest since April 2018, from 54.9 in January. Output growth eased in three of the past four months, new orders grew the least in 22 months and employment stagnated as firms became more cautious about their staff hiring. Meantime, new export orders rose for the first time in three months, while stocks of inputs were accumulated at a robust and accelerated pace. Some firms noted deliberate inventory building in response to concerns about international supply chain disruption following extended production stoppages in China. In terms of prices, input cost increased the most in 1-1/2 years, amid efforts to source components from outside China; while prices charged fell slightly, with the rate of discounting the fastest seen since April 2019. Looking ahead, sentiment was at 18 month-low, due to concerns about global economic outlook, particularly in relation to China following a virus outbreak.
2020-03-03
Saudi Arabia Non-Oil Private Sector PMI Lowest in 13 Months
The IHS Markit Saudi Arabia PMI dropped to 54.9 in January 2020, the lowest since December 2018, from 56.9 in December. Survey respondents noted that strong competition and more cautious spending patterns among customers had held back new business growth. At the same time, output growth was unchanged from December's 14-month low. In addition, employment grew the least since August last year; while buying levels rose at the slowest rate in 12 months, with stocks of inputs rising the least since August 2019. At the same time, export sales fell slightly, reflecting relatively subdued business conditions in key overseas markets. In terms of inflation, a marginal rise in purchasing prices was offset by subdued wage pressures. Prices charged, meanwhile, increased slightly, amid a greater competition for new work. Looking ahead, sentiment hit its lowest in almost 1-1/2 years.
2020-02-04

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.