The IHS Markit United Arab Emirates PMI was down to 49.1 in February 2020, the second straight month of decline since the survey began, from 49.3 in the previous month. Output shrank for the first time since January 2010, new orders fell for the second month running, with the coronavirus outbreak in China reportedly leading to a slight drop in export orders, the second in five months. Meantime, employment dropped again amid efforts to streamline costs. There were delays of several input deliveries due to the virus outbreak, while many business faced credit issues. This led to a fifth straight month of rising backlogs. Prices data showed output prices decreased the least in 17 months, while input cost eased to a six-month low. Lastly, sentiment was the weakest since March 2018, but remained positive.
Manufacturing PMI in the United Arab Emirates averaged 55.17 points from 2011 until 2020, reaching an all time high of 61.20 points in October of 2014 and a record low of 49.10 points in February 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 March of 2020. source: Markit Economics
Manufacturing PMI in the United Arab Emirates is expected to be 48.00 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 49.00 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.