Saudi Arabia Non-Oil Private Sector PMI

The Emirates NBD Saudi Arabia PMI came in at 56.8 in April, unchanged from the previous month's near 1-1/2 year high. Output growth accelerated to its strongest since December 2017 while new orders and export sales rose at a modest pace. Also, purchasing activity went up further with stock levels being bolstered in anticipation of higher inflows of new orders in the months ahead. Meanwhile, after falling slightly in March, employment rose only fractionally, continuing the worst sequence of jobs data for five years. In terms of prices, efforts to stimulate sales saw average prices charged for goods and services fall for a sixth straight month. Moreover, the rate of decline was among the steepest in almost ten years of data collection. A slight fall in firms’ input costs provided scope for price discounting. Looking ahead, confidence rebounded strongly from a six-month low in March to show one of the highest degrees of optimism over the past five years. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 56.90 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 56.50 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 56.50 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	56.80	56.80	61.80	51.40		[+]
Industrial Production	2.34	5.84	25.87	-24.93	percent	[+]
Changes in Inventories	-6297.00	43955.00	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	-0.35	4.17	4.17	-3.10	percent	[+]
Manufacturing Production	3.71	16.44	21.50	-2.65	percent	[+]
Mining Production	3.39	1.95	6.02	-6.75	percent	[+]
Crude Oil Rigs	62.00	65.00	81.00	11.00		[+]
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	495.00	448.00	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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	56.80	56.80	61.80	51.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	54.80	Apr/19	51	62.5 : 29.47
Brazil	51.50	Apr/19	52.8	53.5 : 41.6
Canada	49.70	Apr/19	50.5	57.1 : 47.5
China	50.20	Apr/19	50.8	52.3 : 47.2
Euro Area	47.70	May/19	47.9	60.6 : 33.5
France	50.60	May/19	50	58.8 : 42.7
Germany	44.30	May/19	44.4	63.3 : 32
India	51.80	Apr/19	52.6	55 : 47.9
Indonesia	50.40	Apr/19	51.2	58.5 : 46.4
Italy	49.10	Apr/19	47.4	59 : 47.4
Japan	49.60	May/19	50.2	56.2 : 29.6
Mexico	50.10	Apr/19	49.8	57.1 : 49.2
Netherlands	52.00	Apr/19	52.5	63.4 : 48
Russia	51.80	Apr/19	52.8	54.7 : 47.6
Saudi Arabia	56.80	Apr/19	56.8	61.8 : 51.4
Singapore	50.30	Apr/19	50.8	53.1 : 48.3
South Africa	47.20	Apr/19	45	60.87 : 35.09
South Korea	50.20	Apr/19	48.8	52.6 : 45.7
Spain	51.80	Apr/19	50.9	56.1 : 41.1
Switzerland	48.50	Apr/19	50.3	66.9 : 32.8
Turkey	46.80	Apr/19	47.2	55.7 : 42.7
United Kingdom	53.10	Apr/19	55.1	61.5 : 34.4
United States	50.60	May/19	52.6	57.9 : 50.6