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.