The S&P Global United Arab Emirates PMI increased to 55.4 in July 2022 from 54.8 in the prior month. This was the 20th straight month of growth in the non-oil private sector and was above its long-run average, amid favorable underlying demand. Firms scaled up output while new order growth accelerated due to competitive pricing, marketing efforts, and expanded clientele. Also, export orders rose solidly, with the rate of increase similar to that seen in June; while expansion in buying activity was moderate, but notably faster than that June's one-year low. Meantime, companies continued with their hiring efforts as outstanding business rose at the fastest pace since March 2020. Further, vendor performance improved for the tenth month in a row as delivery delays eased. On the prices, input cost inflation eased after June's 11-year high, while output cost inflation accelerated to the second-highest in four-and-a-half years. Looking ahead, confidence weakened to a ten-month low. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.48 points from 2011 until 2022, 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 August of 2022.
Manufacturing PMI in the United Arab Emirates 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 United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2023, according to our econometric models.