The S&P Global United Arab Emirates edged up to 54.3 in February 2023 from 54.1 in the previous period. Output grew for the first time in four months due to new projects and rising client sales. At the same time, new orders increased, although their expansion rate was the weakest since September 2021, with some firms noting strong competition and lower exports. Also, input lead times shortened at the fastest pace since September 2019 as supply chain conditions strengthened. New foreign orders fell for the third straight month. Additionally, employment grew, and backlogs of work added the least in 20 months. On prices, input costs went up to the highest since July last year, prompted by the rising costs of raw materials and shipment fees. Lastly, the outlook for future activity improved to a 4-month peak, but optimism remained subdued by historical standards and was below the 2022 average. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.52 points from 2011 until 2023, 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 March of 2023.
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.