The S&P Global United Arab Emirates PMI increased to 55.6 in May 2022 from 54.6 in the prior month, pointing to the 18th straight month of rises and the strongest growth in five months. Output rose at the fastest pace since last December, while overall new orders expanded faster, with both domestic and foreign demand rising. Also, employment gained at the steepest pace in seven months, but was notably insufficient to avoid constraints on business capacity, as backlogs of work accumulated the most in eight months. Meantime, buying levels slowed, partly linked to firms drawing down inventories instead of buying new materials amid increased caution over spending. On the price front, input cost inflation accelerated to the sharpest recorded for three-and-a-half years, while output charges declined after increasing for the first time in nine months in the prior month. Looking ahead, confidence improved slightly, but was weak compared to the survey trend. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.47 points from 2011 until 2022, reaching an all time high of 61.20 points in October of 2014 and a record low of 44.10 points in April of 2020. This page provides the latest reported value for - United Arab Emirates Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Arab Emirates Non-Oil Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Manufacturing PMI in the United Arab Emirates 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 United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2023, according to our econometric models.