The IHS Markit United Arab Emirates PMI inched up to 52.7 in April 2021 from 52.6 in the previous month. This was the strongest reading since July 2019, supported by a strong rise in new business volumes and a sharp expansion in output that were linked to a continued economic recovery from Covid-19. Employment fell for the third month in a row, however, contributing to a renewed increase in backlogs of work. At the same time, purchasing activity growth accelerated to a nine-month high. Prices data showed input prices rose for the third month in a row, due to a faster rise in chemicals and metals prices. As a result, output prices increased for the first time in over two-and-a-half years. Looking ahead, sentiment improved for the fifth month running, amid hopes of a continued recovery from Covid-19 and an uplift in sales from the Expo 2020 later in the year. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.49 points from 2011 until 2021, 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 May of 2021.
Manufacturing PMI in the United Arab Emirates is expected to be 53.00 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 53.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 53.00 points in 2022, according to our econometric models.