The IHS Markit United Arab Emirates PMI fell to 49.5 in October 2020 from an 11-month high of 51.0 a month earlier, signaling that the economy is struggling to maintain a robust recovery from the COVID-19 lockdown earlier in the year. New business declined for the first time since May, leading to a slower rise in output and a sharp reduction in backlog volumes. Also, workforce numbers were trimmed again as firms needed to cut costs after the lockdown. Meanwhile, buying levels grew solidly, in line with increased output requirements. Notably though, lead times on purchases lengthened for the first time since supply chains were negatively impacted by the global lockdown in May. As for prices, input price inflation eased to a six-month low while charges were lowered at the slowest rate in four months. Finally, sentiment weakened to a joint-record low. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.67 points from 2011 until 2020, reaching an all time high of 61.20 points in October of 2014 and a record low of 44.10 points in April of 2020. This page provides the latest reported value for - United Arab Emirates Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Arab Emirates Non-Oil Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Manufacturing PMI in the United Arab Emirates 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 the United Arab Emirates to stand at 52.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2021 and 56.00 points in 2022, according to our econometric models.