The IHS Markit United Arab Emirates PMI stood at 51.2 in January of 2021, unchanged from the previous month. This was the second straight of expansion in the private sector, amid the coronavirus pandemic. Output growth eased slightly from December’s five-month high, but remained one of the quickest seen since the downturn linked to the COVID-19 pandemic, while new orders grew, due to higher export sales. At the same time, employment rose slightly, ending a year-long sequence of job shedding, while purchasing activity continued to rise. On the price front, input prices fell at the fastest pace since last April, due to a reduction in staff cost and a softer rate of purchase price inflation. As a result, businesses lowered their selling charges, although the rate of discounting was the softest in the current 28-month sequence of reduction. Finally, sentiment improved to the highest for three months. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.56 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 February of 2021.
Manufacturing PMI in the United Arab Emirates is expected to be 51.00 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 54.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 53.00 points in 2022, according to our econometric models.