The IHS Markit Saudi Arabia PMI declined to 53.3 in March 2021 from 53.9 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output continued to grow, while new orders growth eased to a five-month low. Meanwhile, employment largely were stable, indicating one of the best job market performances since prior the COVID-19 outbreak. On the price front, input price inflation accelerated to a four-month high. Conversely, competitive pressures and stock clearances led to a renewed fall in output charges. Finally, sentiment weakened to a nine-month low, as firms stress cautious optimism. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.09 points from 2011 until 2021, 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 April of 2021.

Manufacturing PMI in Saudi Arabia is expected to be 56.00 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 60.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 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
53.30 53.90 61.80 42.40 2011 - 2021 points Monthly
SA


News Stream
Saudi Non-Oil Private Sector Grows the Least in 5 Months
The IHS Markit Saudi Arabia PMI declined to 53.3 in March 2021 from 53.9 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output continued to grow, while new orders growth eased to a five-month low. Meanwhile, employment largely were stable, indicating one of the best job market performances since prior the COVID-19 outbreak. On the price front, input price inflation accelerated to a four-month high. Conversely, competitive pressures and stock clearances led to a renewed fall in output charges. Finally, sentiment weakened to a nine-month low, as firms stress cautious optimism.
2021-04-05
Saudi Non-Oil Private Sector Expands the Least in 4 Months
The IHS Markit Saudi Arabia PMI declined to 53.9 in February 2021 from 57.1 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output expanded at the softest pace since November 2020, while new orders growth eased to a four-month low. Meanwhile, employment lagged the recovery in output again as firms reduced job numbers for the third month running. On the price front, input price inflation accelerated to a three-month high, while output charges increased marginally, particularly as some firms offered discounts to win additional clients. Finally, sentiment weakened to the lowest since last October.
2021-03-03
Saudi Arabia Non-Oil Private Sector PMI Highest in 14 Months
The IHS Markit Saudi Arabia PMI edged up to 57.1 in January 2021 from 57.0 in December, pointing to the highest reading since November 2019, as the economy recovered further from the COVID-19 outbreak. Output expanded at a faster rate and one that was the sharpest in 15 months, new orders continued to grow solidly, and new orders from foreign clients rose the most in almost four years. Also, buying activity quickened to a 13-month high, amid a marked stock building. Meantime, employment fell for the tenth month in 11 months, amid excess capacity as evidenced by another fall in outstanding workloads. Improved capacity at suppliers, meanwhile, supported a reduction in overall delivery times for the first time in a year. As for prices, purchase prices ticked up slightly and staff wages fell for the second month running, with output charges rising marginally. Finally, sentiment remained upbeat, with the degree of optimism was still the second-strongest in a year.
2021-02-03
Saudi Non-Oil Private Sector Growth at 13-Month High
The IHS Markit Saudi Arabia PMI increased to 57.0 in December 2020 from 54.7 in November. The latest reading pointed to the fourth straight month of expansion in the sector, and the highest reading since November last year, amid the loosening restriction lockdowns. Output expanded at the fastest pace since November 2019 while new orders grew to the quickest in 12 months. Sales growth was largely driven by domestic orders, as export demand rose only modestly. Meanwhile, employment declined, albeit only slightly overall. On the price front, input prices were unchanged, ending a five-month sequence of inflation. As a result, output charges ticked up at a slower pace than that seen in November. Looking ahead, business expectations improved to the highest seen throughout 2020 due to hopes the global roll-out of COVID-19 vaccines and hopes that this will lead to a strong recovery in economic activity.
2021-01-05

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.