The S&P Global United Arab Emirates increased to 56.6 in October 2022 from 56.1 in the previous month, amid faster uplifts in both output and new orders. The strengthening of demand conditions brought additional capacity pressures, leading firms to increase their headcounts at the sharpest rate since July 2016 and purchase inputs to the greatest extent for over three years. Meanwhile, export orders grew the least since the start of the year, reflecting global economic headwinds. At the same time, backlogs of work increased sharply, linked to existing projects and pandemic-related shipping delays. Turning on prices, firms noted that reductions in costs for items such as fuel, steel, and transport had kept inflation mild. Meantime, output charges fell for the sixth month running, due to efforts from producers to maintain a competitive landscape. Finally, business confidence weakened and remained soft by historical standards. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.53 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 November 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.