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.