The IHS Markit United Arab Emirates PMI was down to 55.6 in December 2021 from November's 29-month high of 55.9 Still, this was the 13th straight month of increase in private sector activity, supported by the benefits of Expo 2020 and the loosening of COVID-19 measures. New orders continued to rise, despite the growth hitting its lowest in three months, amid a slowdown in foreign sales. At the same time, output grew the most in 2-1/2 years, and employment recovered further with backlogs increasing for the sixth month in a row. On the price front, input buying rose the least in five months, while stock levels ticked up marginally. This was in spite of a further improvement in lead times. In contrast, output charges fell for the fifth month in a row, as firms offered discounts in response to strong competition. Looking ahead, confidence dropped to a three-month low, with manufacturers highlighting the risk of a tightening of business and travel curbs due to the Omicron wave. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.46 points from 2011 until 2021, 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 January of 2022.
Manufacturing PMI in the United Arab Emirates is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2023, according to our econometric models.