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.

Saudi Arabia Non-Oil Private Sector PMI
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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 [+]


Saudi Arabia Non-Oil Private Sector PMI

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
Australia 54.80 Apr/19
Brazil 51.50 Apr/19
Canada 49.70 Apr/19
China 50.20 Apr/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 51.80 Apr/19
Indonesia 50.40 Apr/19
Italy 49.10 Apr/19
Japan 49.60 May/19
Mexico 50.10 Apr/19
Netherlands 52.00 Apr/19
Russia 51.80 Apr/19
Saudi Arabia 56.80 Apr/19
Singapore 50.30 Apr/19
South Africa 47.20 Apr/19
South Korea 50.20 Apr/19
Spain 51.80 Apr/19
Switzerland 48.50 Apr/19
Turkey 46.80 Apr/19
United Kingdom 53.10 Apr/19
United States 50.60 May/19


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