Saudi Arabia Non-Oil Private Sector PMI

The Emirates NBD Saudi Arabia PMI edged up to 57.4 in June 2019, the highest reading since November 2017, from 57.3 in a month earlier. New orders advanced at the fastest pace in three months, and export sales rose for the fourth month running. At the same time, output expanded the least in three months, employment growth slowed from May’s four-month high and buying levels eased from the previous month's 17-month high. Meantime, average cost burdens went up for the second month in a row, despite the rate of inflation eased from May. Finally, sentiment hit its lowest in ten months, possibly reflecting heightened geopolitical tension in the region. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 57.50 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 57.50 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	57.40	57.30	61.80	51.40		[+]
Industrial Production	2.34	5.84	25.87	-24.93	percent	[+]
Changes in Inventories	55807.00	-6297.00	64489.00	-51388.00	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	59.00	60.00	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	420.00	480.00	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 July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	57.40	57.30	61.80	51.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	49.43	Jun/19	52.72	62.5 : 29.47
Brazil	51.00	Jun/19	50.2	53.5 : 41.6
Canada	49.20	Jun/19	49.1	57.1 : 47.5
China	49.40	Jun/19	50.2	52.3 : 47.2
Euro Area	47.60	Jun/19	47.7	60.6 : 33.5
France	51.90	Jun/19	50.6	58.8 : 42.7
Germany	45.00	Jun/19	44.3	63.3 : 32
India	52.10	Jun/19	52.7	55 : 47.9
Indonesia	50.60	Jun/19	51.6	58.5 : 46.4
Italy	48.40	Jun/19	49.7	59 : 47.4
Japan	49.30	Jun/19	49.8	56.2 : 29.6
Mexico	49.20	Jun/19	50	57.1 : 49.2
Netherlands	50.70	Jun/19	52.2	63.4 : 48
Russia	48.60	Jun/19	49.8	54.7 : 47.6
Saudi Arabia	57.40	Jun/19	57.3	61.8 : 51.4
Singapore	49.60	Jun/19	49.9	53.1 : 48.3
South Africa	46.20	Jun/19	45.4	60.87 : 35.09
South Korea	47.50	Jun/19	48.4	52.6 : 45.7
Spain	47.90	Jun/19	50.1	56.1 : 41.1
Switzerland	47.70	Jun/19	48.6	66.9 : 32.8
Turkey	47.90	Jun/19	45.3	55.7 : 42.7
United Kingdom	48.00	Jun/19	49.4	61.5 : 34.4
United States	50.60	Jun/19	50.5	57.9 : 50.5