The S&P Global Saudi Arabia PMI declined to 56.3 in July 2022 from June's 8-month peak of 57.0. Still, the latest print represented the 23rd straight month of growth in the non-oil private sector, as new orders rose markedly, gaining at the second-fastest in eight months; while new export orders expanded the most since last November. In addition, employment rose for the fourth month running, with the rate of job creation rising to the quickest since September 2019, amid a sharp decline in backlogs of work. Meanwhile lead times on inputs shortened for the sixth consecutive month, due to an improvement in supplier performance. On inflation, input cost eased slightly, but was still the second-fastest since August 2020, amid a rise in raw materials, fuel prices, and staff wages. Meanwhile, output cost inflation accelerated to a three-month high. Finally, confidence weakened slightly but remained one of the strongest seen since the pandemic began, on hopes of a better demand situation. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.08 points from 2011 until 2022, 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 August of 2022.
Manufacturing PMI in Saudi Arabia is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 points in 2023, according to our econometric models.