The S&P Global Saudi Arabia PMI rose to its second-strongest reading in a year at 57.2 in October 2022. It was the 26th consecutive month of expansion in the non-oil private sector, as output and new orders signal solid expansions in both activity and sales, supported by improving market conditions and ongoing projects. Also, new export orders increased at the sharpest rate in almost a year. Meanwhile, suppliers delivery time continued to shorten, allowing firms to sharply raise input purchasing activity. Firms also reported a marginal increase in employment which helped lessen backlogs of work. On the price front, output prices rose slightly, while input costs increased the least in 8-months. Only 4% of respondents noted higher expenses since September, as wage costs were broadly stable after seven months of inflation. Generally, output expectations were the strongest since January 2021, with companies expecting operating conditions to stay robust over the next year. source: Markit Economics

Manufacturing PMI in Saudi Arabia averaged 56.10 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 November of 2022.

Manufacturing PMI in Saudi Arabia is expected to be 54.00 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 53.00 points in 2023 and 56.00 points in 2024, according to our econometric models.

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Saudi Arabia Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 57.20 56.60 points Oct 2022

Saudi Arabia Non-Oil Private Sector PMI
In Saudi Arabia, the IHS Markit Saudi Arabia Purchasing Managers’ Index measures the performance of companies in non-oil private sector and is derived from a survey of 400 companies, including manufacturing, services, construction and retail. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the non-oil private sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
57.20 56.60 61.80 42.40 2011 - 2022 points Monthly
SA

News Stream
Saudi Arabia Non-Oil Private Sector Growth Stronger
The S&P Global Saudi Arabia PMI rose to its second-strongest reading in a year at 57.2 in October 2022. It was the 26th consecutive month of expansion in the non-oil private sector, as output and new orders signal solid expansions in both activity and sales, supported by improving market conditions and ongoing projects. Also, new export orders increased at the sharpest rate in almost a year. Meanwhile, suppliers delivery time continued to shorten, allowing firms to sharply raise input purchasing activity. Firms also reported a marginal increase in employment which helped lessen backlogs of work. On the price front, output prices rose slightly, while input costs increased the least in 8-months. Only 4% of respondents noted higher expenses since September, as wage costs were broadly stable after seven months of inflation. Generally, output expectations were the strongest since January 2021, with companies expecting operating conditions to stay robust over the next year.
2022-11-03
Saudi Arabia Non-Oil Private Sector Growth Stays Robust
The S&P Global Saudi Arabia PMI dropped to 56.6 in September 2022 from August's 10-month peak of 57.7. Still, this was the 25th straight month of increase in the non-oil private sector, against the backdrop of increasingly challenging global economic conditions. Both output and new orders rose at rates above their averages for their current 25-month growth sequences. Meantime, buying activity continued to grow despite the rate of increase slowing from August's seven-year high. Also, employment went up the least in six months, amid the fourth straight month of drop in backlogs of work. Lead times improved further as vendors continued to make efficient and quick deliveries. On prices, input cost inflation rose solidly due to rising raw materials and oil-related products, while output prices went up modestly amid efforts to maintain pricing policies. Finally, firms retained their confidence despite the reading being a little lower and down to its weakest since May.
2022-10-04
Saudi Non-Oil Private Sector PMI Rises to 10-Month High
The S&P Global Saudi Arabia PMI increased to 57.7 in August 2022 from July's of 56.3. This was the strongest growth in the non-oil private sector since October 2021, due to a faster rise in output, new orders and stocks of purchases. Total new orders rose at the quickest pace since October last year, boosted by improving client demand, higher exports, and a broad recovery in economic conditions since the pandemic. Meanwhile, purchasing rose to the fastest in seven years. Meanwhile, employment rose for the fifth month running, despite the rate of job creation was only marginal, amid a solid drop in backlogs of work. On inflation, input cost inflation slowed to a three-month low, while output cost inflation eased to the slowest since February, as some companies looked to provide extra discounts as cost pressures eased. Finally, confidence weakened to a three-month low, but remained one of the strongest seen over the last one-and-a-half years.
2022-09-05