The IHS Markit Saudi Arabia PMI slipped to 57.7 in October 2021 from 58.6 in September. Still, the latest figure pointed to the 2nd-highest print since the start of the pandemic and above the long-run series average, reflecting the loosening curbs. Output grew at the sharpest rate since December 2017, new orders rose sharply with the rate of growth remaining close to September's 7-year high, and export work went up at the steepest rate since May. Also, buying levels gained at the fastest rate in 3 months, while employment continued the growth sequence seen in each month since April. Supplier performance improved for the 2nd straight month as vendors were able to make quicker deliveries. On inflation, input prices increased the most in 11 months, linked to greater raw material prices and freight rates; while output prices rose at the strongest pace in over a year. Going forward, sentiment eased slightly but remained strong compared to the 2021 average. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.11 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 November of 2021.

Manufacturing PMI in Saudi Arabia is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Related Last Previous Unit Reference
Manufacturing PMI 57.70 58.60 points Oct/21

News Stream
Saudi Arabia Non-Oil Private Sector Remains Robust
The IHS Markit Saudi Arabia PMI slipped to 57.7 in October 2021 from 58.6 in September. Still, the latest figure pointed to the 2nd-highest print since the start of the pandemic and above the long-run series average, reflecting the loosening curbs. Output grew at the sharpest rate since December 2017, new orders rose sharply with the rate of growth remaining close to September's 7-year high, and export work went up at the steepest rate since May. Also, buying levels gained at the fastest rate in 3 months, while employment continued the growth sequence seen in each month since April. Supplier performance improved for the 2nd straight month as vendors were able to make quicker deliveries. On inflation, input prices increased the most in 11 months, linked to greater raw material prices and freight rates; while output prices rose at the strongest pace in over a year. Going forward, sentiment eased slightly but remained strong compared to the 2021 average.
2021-11-03
Saudi Private Sector Growth Strongest Since 2015
The IHS Markit Saudi Arabia PMI increased to 58.6 in September 2021 from 54.1 a month earlier, pointing to the highest reading since August 2015, as output growth accelerated for the first time in 4 months and approaching May's 41-month high, while new orders growth accelerated sharply, amid easing COVID-19 restrictions. Meanwhile, employment growth remained weak as firms continued to report sufficient capacity levels. On the price front, input prices inflation accelerated to the fastest pace since June, due to a faster rise in prices of raw materials and fuels. As a result, output charges rose for the sixth consecutive month. However, for the first time in this period, the rate of charge inflation softened and was only marginal. Finally, business confidence jumped to the strongest since January.
2021-10-05
Saudi Private Sector PMI Lowest in 5 Months
The IHS Markit Saudi Arabia PMI declined to 54.1 in August 2021 from 55.8 a month earlier, pointing to the lowest reading since March, as output expanded at softest pace in ten months while new orders growth slowed, amid a softer recovery in export demand. Meanwhile, the rate of job creation was unchanged from July and marginal, with companies highlighting that current output capacity was sufficient to complete existing work. On the price front, input prices inflation eased at the softest pace in six months, driven by a slowdown in purchase price inflation and a renewed drop in staff expenses, amid higher prices for oil, transport and raw materials such as aluminium. Meanwhile, output prices inflation accelerated to the fastest pace in a year, due to strengthening demand and a mark-up in competitors’ prices encouraged them to raise their charges. Finally, business confidence remained subdued.
2021-09-05

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.