The IHS Markit United Arab Emirates PMI rose to 50.8 in July 2020 fro 50.4 a month earlier. This was the steepest growth in the private sector since October last year, amid efforts to reopen the economy. Both output and new orders rose for the second month running. At the same time, supply chain conditions continued to improve, as evidenced by back-to-back reductions in lead times. Export sales fell modestly, however, erasing the gains made in June, while hiring intentions remained weak as employment declined for the seventh month in a row. On the price front, overall input costs ticked up due to a rise in purchase prices. Selling charges fell at a faster pace, reportedly due to a greater degree of competition in the sector as more businesses reopened. Finally, sentiment weakened but remained positive.
Manufacturing PMI in the United Arab Emirates averaged 54.80 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 August of 2020. source: Markit Economics
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 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.