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. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.07 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 June of 2022.
Manufacturing PMI in Saudi Arabia is expected to be 57.00 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.