The S&P Global Saudi Arabia PMI increased to 57.0 in June 2022 from 55.7 in the prior month, pointing to the 22nd straight month of growth and the sharpest rate since last October. Output expanded faster, while new orders rose at the fastest pace in eight months, as the domestic economic continued to improve, while overseas demand increased to the quickest in seven months. Meantime, the rate of input buying growth accelerated markedly from Mays's five-month low, while reports suggested that global raw material shortages led to a softer improvement in supplier performance. Employment rose for the 3rd month running, with the rate of job creation slipped to the weakest seen in this period, amid a decline in backlogs of work. On inflation, input cost accelerated to the fastest since August 2020, amid a further rise in raw material and fuel prices. Meanwhile, output charges continued to rise at a solid pace. Finally, confidence strengthened to the strongest level since the start of 2021. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.08 points from 2011 until 2022, 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 July of 2022.
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 2023, according to our econometric models.