The IHS Markit Saudi Arabia PMI increased to 50.7 in September 2020 from 48.8 in August. The latest reading pointed to the first expansion in the sector since February, amid the loosening restriction lockdowns. Both output and new orders rose marginally, while export sales increased for first time since February. Meanwhile, employment declined at the softest pace since March, amid an increase in output requirements and a slower drop in backlogs. On the price front, input costs inflation slowed, as the impact of a rise in VAT eased considerably since August, while output charges rose more slowly, with some companies offering discounts in an effort to clear existing stocks. Looking ahead, business expectations strengthened to a seven-month, due to hopes an increase in output over the coming year. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.18 points from 2011 until 2020, 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 October of 2020.

Manufacturing PMI in Saudi Arabia is expected to be 50.00 points 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 55.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 56.00 points in 2021 and 57.00 points in 2022, according to our econometric models.

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Saudi Arabia Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.70 48.80 61.80 42.40 2011 - 2020 points Monthly
SA


News Stream
Saudi Arabia Non-Oil Private Sector Returns to Growth
The IHS Markit Saudi Arabia PMI increased to 50.7 in September 2020 from 48.8 in August. The latest reading pointed to the first expansion in the sector since February, amid the loosening restriction lockdowns. Both output and new orders rose marginally, while export sales increased for first time since February. Meanwhile, employment declined at the softest pace since March, amid an increase in output requirements and a slower drop in backlogs. On the price front, input costs inflation slowed, as the impact of a rise in VAT eased considerably since August, while output charges rose more slowly, with some companies offering discounts in an effort to clear existing stocks. Looking ahead, business expectations strengthened to a seven-month, due to hopes an increase in output over the coming year.
2020-10-05
Saudi Non-Oil Private Sector Shrinks Again in August
The IHS Markit Saudi Arabia PMI declined to 48.8 in August 2020 from 50.0 in July, signalling a renewed decline in business conditions, after stabilising in July, due to the economy fell back into a downturn as firms registered a solid drop in new business, in part linked to the rise in VAT charges amid ongoing restriction measures. Output was lowered for the sixth month running and employment fell at the slowest since May, while new orders declined. On the price front, input costs rose at the sharpest rate since September 2012, due to a rise in raw materials, the impact of the rise in VAT, while output charges grew at the fastest pace in 11 years. Looking ahead, business expectations strengthened to a six-month high, due to reopening sectors should allow the economy to stabilise.
2020-09-03
Saudi Non-Oil Private Sector Stabilizes for 1st Time in 5 Months
The IHS Markit Saudi Arabia PMI increased to 50.0 in July 2020 from 47.7 in June. This was the first time since February that the non-oil private sector has not contracted, signaling overall stability in operating conditions, amid the coronavirus pandemic. Output expanded to a five-month high and new orders were broadly stable, following a marked decline in the previous four months, while employment dropped at a softer rate. On the price front, input costs were broadly flat, while output charges fell for the sixth consecutive month. Looking ahead, business expectations improved, but remained well below the series average, indicating that sentiment was relatively subdued.
2020-08-05
Saudi Non-Oil Private Sector Shrinks for 4th Month
The IHS Markit Saudi Arabia PMI dropped to 47.7 in June 2020 from 48.1 in May. This was the fourth straight month of contraction in the non-oil private sector, amid the coronavirus pandemic. The latest survey data were collected between 12-22 June, reflecting faster declines in employment, business activity and new work. The rate of decline in staffing numbers accelerated since May and was the fastest since the survey began in August 2009, while total new work fell for the fourth month in a row. Exports decreased again, mainly linked to logistical challenges amid international travel restrictions. On the price front, both input and output costs declined further. Looking ahead, business expectations turned negative for the first time since the series began in July 2012, although the degree of pessimism was only marginal, due to rising economic uncertainty and highly subdued demand.
2020-07-05

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.