The IHS Markit Saudi Arabia PMI declined to 53.3 in March 2021 from 53.9 a month earlier, pointing to the lowest reading since last October, due to the impact of the COVID-19 outbreak. Output continued to grow, while new orders growth eased to a five-month low. Meanwhile, employment largely were stable, indicating one of the best job market performances since prior the COVID-19 outbreak. On the price front, input price inflation accelerated to a four-month high. Conversely, competitive pressures and stock clearances led to a renewed fall in output charges. Finally, sentiment weakened to a nine-month low, as firms stress cautious optimism. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.09 points from 2011 until 2021, reaching an all time high of 61.80 points in September of 2014 and a record low of 42.40 points in March of 2020. This page provides the latest reported value for - Saudi Arabia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Non-Oil Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Manufacturing PMI in Saudi Arabia is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Saudi Arabia to stand at 60.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 points in 2022, according to our econometric models.