Saudi Arabia Non-Oil Private Sector PMI

The Emirates NBD Saudi Arabia PMI increased to a 14-month high of 56.6 in February 2019 from 56.2 in a month earlier. New orders expanded the most since August 2015 and output growth accelerated to a three-month high. Also, buying activity advanced at a stronger pace and firms build up inventories. Meanwhile, employment grew the least in almost five years, amid tighter cost management. At the same time, export orders fell for the second straight month. In term of prices, overall input costs eased for the second month in a row, while selling prices were broadly stable. Finally, confidence remained among the highest seen over the past five years, though the degree of optimism easing slightly from January’s recent peak. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 56.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Saudi Arabia to stand at 57.90 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 in 2020, according to our econometric models.

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Saudi Arabia Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	3.00	-12.00	63.00	-12.00	Index Points	[+]
Manufacturing PMI	56.60	56.20	61.80	51.40		[+]
Industrial Production	5.84	3.44	25.87	-24.93	percent	[+]
Changes in Inventories	43955.00	17508.00	121176.00	-51524.00	SAR Million	[+]
Internet Speed	6705.52	6321.15	6705.52	1242.08	KBps	[+]
IP Addresses	3510242.00	3551866.00	4339235.00	177395.00	IP	[+]
Industrial Production Mom	4.17	0.59	4.17	-3.10	percent	[+]
Manufacturing Production	16.44	8.09	21.50	-2.65	percent	[+]
Mining Production	1.95	2.01	6.02	-6.75	percent	[+]
Competitiveness Index	67.50	65.91	67.50	4.54	Points	[+]
Competitiveness Rank	39.00	41.00	41.00	17.00		[+]
Ease of Doing Business	92.00	92.00	96.00	10.00		[+]
Corruption Index	49.00	49.00	52.00	33.00	Points	[+]
Corruption Rank	58.00	57.00	80.00	46.00		[+]
Steel Production	470.00	468.00	558.00	7.00	Thousand Tonnes	[+]

In Saudi Arabia, the Emirates NBD 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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	56.60	56.20	61.80	51.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	54.00	Feb/19	52.5	62.5 : 29.47
Brazil	53.40	Feb/19	52.7	53.5 : 41.6
Canada	52.60	Feb/19	53	57.1 : 47.5
China	49.90	Feb/19	48.3	52.3 : 47.2
Euro Area	47.60	Mar/19	49.3	60.6 : 33.5
France	49.80	Mar/19	51.5	58.8 : 42.7
Germany	44.70	Mar/19	47.6	63.3 : 32
India	54.30	Feb/19	53.9	55 : 47.9
Indonesia	50.10	Feb/19	49.9	58.5 : 46.4
Italy	47.70	Feb/19	47.8	59 : 47.7
Japan	48.90	Mar/19	48.9	56.2 : 29.6
Mexico	52.60	Feb/19	50.9	57.1 : 49.2
Netherlands	52.70	Feb/19	55.1	63.4 : 48
Russia	50.10	Feb/19	50.9	54.7 : 47.6
Saudi Arabia	56.60	Feb/19	56.2	61.8 : 51.4
Singapore	50.40	Feb/19	50.7	53.1 : 48.3
South Africa	46.20	Feb/19	49.9	60.87 : 35.09
South Korea	47.20	Feb/19	48.3	52.6 : 45.7
Spain	49.90	Feb/19	52.4	56.1 : 41.1
Switzerland	55.40	Feb/19	54.3	66.9 : 32.8
Turkey	46.40	Feb/19	44.2	55.7 : 42.7
United Kingdom	52.00	Feb/19	52.6	61.5 : 34.4
United States	52.50	Mar/19	53	57.9 : 50.7