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. 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 May 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.

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Saudi Arabia Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 55.70 56.80 points Apr 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
55.70 56.80 61.80 42.40 2011 - 2022 points Monthly
SA

News Stream
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
Saudi Non-Oil Private Sector PMI Rises to 4-Month High
The S&P Global Saudi Arabia PMI was up to 56.8 in March 2022 from 56.2 in the previous month, pointing to the highest reading since last November. Output growth accelerated to the fastest pace in over four years, helped by stronger improvements in purchasing and supplier delivery times. Meanwhile, new orders grew the most since last November, with new export orders rising for the first time in three months, amid a slowdown in COVID-19 cases. Purchasing activity increased to the fastest rate since December 2017. However, employment declined for the first time in a year, while backlogs of work decreasing marginally. On the cost side, both input and output price inflation accelerated to the highest since August 2020, due to a sharp rise in global energy and commodity prices. Lastly, sentiment remained weak compared to the historical trend.
2022-04-05
Saudi Non-Oil Private Sector PMI Rises to 3-Month High
The IHS Markit Saudi Arabia PMI increased to 56.2 in February 2022 from 53.2 in the previous month, pointing to the highest reading since last November. The reading also marked the first uplift in the index since last September, as both output and new order growth accelerated, amid a slowdown in COVID-19 cases. Meanwhile, employment rose marginally on the back of a modest drop in backlogs of works. At the same time, new export orders dropped for the second straight month, linked to greater competition in external markets and moderating demand in some places due to the Omicron wave. On the cost side, input price inflation eased to a six-month low, while output charges were broadly stable after ten successive months of inflation. Lastly, the sentiment strengthened to the highest since January 2021, amid hopes that market conditions will improve as the country emerges from the Omicron wave and client orders will continue to strengthen.
2022-03-03