Riyad Bank Saudi Arabia PMI increased to 59.8 in February 2023 from 58.2 in the previous month, pointing to the 30th straight month of increase in non-oil private sector, marking the highest print since March 2015, amid improving economic conditions, with output, employment and purchasing all rising at a faster pace. Also, input buying accelerated to the fastest pace for three months. Vendor performance improved solidly and at the strongest rate for three months. On prices, input price inflation picked up to the highest level since November last year, due to higher staff wages, while output price inflation accelerated markedly and was solid over all, due to an effort to pass rising expenses onto clients. Finally, sentiment strengthened to the second highest in two years on hopes of improving market conditions with the positive expectations towards the pickup in the emerging economies. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.17 points from 2011 until 2023, 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 March of 2023.
Manufacturing PMI in Saudi Arabia is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.