Saudi Arabia Non-Oil Private Sector PMI

The IHS Markit Saudi Arabia PMI fell to a five-month low of 56.6 in July 2019 from 57.4 in the previous month. Output growth eased from May’s recent peak to the weakest since February, new orders expanded the least in six months, and growth in buying levels eased for the second month in a row. At the same time, employment rose marginally, while backlogs of works were unchanged following rises in the previous 14 months. Meanwhile, export sales rose for the fifth straight month and at the steepest rate since February 2017. In terms of prices, data continued to signal a lack of inflationary pressures, with firms keeping charges unchanged amid little movement in overall costs and strong competition. Finally, sentiment weakened for the third month running to the lowest since August 2018. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 57.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Saudi Arabia to stand at 57.50 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 56.50 in 2020, according to our econometric models.

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Saudi Arabia Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	3.00	-12.00	63.00	-12.00	Index Points	[+]
Manufacturing PMI	56.60	57.40	61.80	51.40		[+]
Industrial Production	1.40	2.34	25.87	-24.93	percent	[+]
Changes in Inventories	55807.00	-6297.00	64489.00	-51388.00	SAR Million	[+]
Internet Speed	6705.52	6321.15	6705.52	1242.08	KBps	[+]
IP Addresses	3510242.00	3551866.00	4339235.00	177395.00	IP	[+]
Industrial Production Mom	-0.35	4.17	4.17	-3.10	percent	[+]
Manufacturing Production	3.71	16.44	21.50	-2.65	percent	[+]
Mining Production	3.39	1.95	6.02	-6.75	percent	[+]
Crude Oil Rigs	66.00	59.00	81.00	11.00		[+]
Competitiveness Index	67.50	65.91	67.50	4.54	Points	[+]
Competitiveness Rank	39.00	41.00	41.00	17.00		[+]
Ease of Doing Business	92.00	92.00	96.00	10.00		[+]
Corruption Index	49.00	49.00	52.00	33.00	Points	[+]
Corruption Rank	58.00	57.00	80.00	46.00		[+]
Steel Production	425.00	420.00	558.00	7.00	Thousand Tonnes	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	56.60	57.40	61.80	51.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	51.30	Jul/19	49.4	62.5 : 29.47
Brazil	49.90	Jul/19	51	53.5 : 41.6
Canada	50.20	Jul/19	49.2	57.1 : 47.5
China	49.90	Jul/19	49.4	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.00	Aug/19	49.7	58.8 : 42.7
Germany	43.60	Aug/19	43.2	63.3 : 32
India	52.50	Jul/19	52.1	55 : 47.9
Indonesia	49.60	Jul/19	50.6	58.5 : 46.4
Italy	48.50	Jul/19	48.4	59 : 47.4
Japan	49.50	Aug/19	49.4	56.2 : 29.6
Mexico	49.80	Jul/19	49.2	57.1 : 49.2
Netherlands	50.70	Jul/19	50.7	63.4 : 48
Russia	49.30	Jul/19	48.6	54.7 : 47.6
Saudi Arabia	56.60	Jul/19	57.4	61.8 : 51.4
Singapore	49.80	Jul/19	49.6	53.1 : 48.3
South Africa	52.10	Jul/19	46.2	60.87 : 35.09
South Korea	47.30	Jul/19	47.5	52.6 : 45.7
Spain	48.20	Jul/19	47.9	56.1 : 41.1
Switzerland	44.70	Jul/19	47.7	66.9 : 32.8
Turkey	46.70	Jul/19	47.9	55.7 : 42.7
United Kingdom	48.00	Jul/19	48	61.5 : 34.4
United States	49.90	Aug/19	50.4	57.9 : 49.9