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.

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Saudi Arabia Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 57.00 55.70 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
57.00 55.70 61.80 42.40 2011 - 2022 points Monthly
SA

News Stream
Saudi Non-Oil Private Sector PMI Rises to 8-Month High
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.
2022-07-05
Saudi Arabia Non-Oil Private Sector Grows for 21th Month
The S&P Global Saudi Arabia PMI was at 55.7 in May 2022, unchanged from the prior month while representing the 21th straight month of growth. Both output and new orders continued to rise, amid an upturn in new export orders for the third month running. Meantime, the rate of input buying growth slowed markedly from April's 52-month high and was the softest recorded in the year to-date, while reports suggested that global raw material shortages led to a softer improvement in supplier performance. Staffing numbers gained for the second straight month, with backlogs of work rising for the first time since the pandemic began. On inflation, input cost rose at the second-quickest pace in 1-1/2 years in the immediate aftermath of Russia's invasion of Ukraine. Firms continued to pass on higher costs to their customers, indicated by a further solid increase in output charges. Finally, confidence picked up for the first time in three months but remained weak by historical standards.
2022-06-05
Saudi Arabia Non-Oil Private Sector Growth Stays Robust
The S&P Global Saudi Arabia PMI fell to 55.7 in April 2022 from March's four-month high of 56.8 in the prior month but pointing to the 20th straight month of growth. Output rose the least since January; and new business gained at a softer rate, despite rises in both domestic and foreign orders. Meantime, buying levels and inventories both rose at the sharpest rate since December 2017, as firms sought to build stocks in the face of rising material prices. On top of that, the rate of job creation quickened to the fastest since June 2021 with backlogs falling the most in nine months. There was a marked improvement in input lead times, as companies sought quicker deliveries from their vendors. On prices, input cost rose solidly, linked to rising energy prices and supply shortages due to the war in Ukraine; while output price inflation accelerated and was above the series trend. Looking ahead, sentiment was at a three-month low, on worries whether growth in output can be sustained.
2022-05-09