The IHS Markit Saudi Arabia PMI dropped to 47.7 in June 2020 from 48.1 in May. This was the fourth straight month of contraction in the non-oil private sector, amid the coronavirus pandemic. The latest survey data were collected between 12-22 June, reflecting faster declines in employment, business activity and new work. The rate of decline in staffing numbers accelerated since May and was the fastest since the survey began in August 2009, while total new work fell for the fourth month in a row. Exports decreased again, mainly linked to logistical challenges amid international travel restrictions. On the price front, both input and output costs declined further. Looking ahead, business expectations turned negative for the first time since the series began in July 2012, although the degree of pessimism was only marginal, due to rising economic uncertainty and highly subdued demand.

Manufacturing PMI in Saudi Arabia averaged 56.37 points from 2011 until 2020, reaching an all time high of 61.80 points in September of 2014 and a record low of 42.40 points in March of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Manufacturing PMI in Saudi Arabia is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Saudi Arabia to stand at 55.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2021 and 56.50 points in 2022, according to our econometric models.

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Saudi Arabia Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.70 48.10 61.80 42.40 2011 - 2020 points Monthly
SA


News Stream
Saudi Non-Oil Private Sector Shrinks for 4th Month
The IHS Markit Saudi Arabia PMI dropped to 47.7 in June 2020 from 48.1 in May. This was the fourth straight month of contraction in the non-oil private sector, amid the coronavirus pandemic. The latest survey data were collected between 12-22 June, reflecting faster declines in employment, business activity and new work. The rate of decline in staffing numbers accelerated since May and was the fastest since the survey began in August 2009, while total new work fell for the fourth month in a row. Exports decreased again, mainly linked to logistical challenges amid international travel restrictions. On the price front, both input and output costs declined further. Looking ahead, business expectations turned negative for the first time since the series began in July 2012, although the degree of pessimism was only marginal, due to rising economic uncertainty and highly subdued demand.
2020-07-05
Saudi Arabia Non-Oil Private Sector Shrinks for 3rd Month
The IHS Markit Saudi Arabia PMI increased to 48.1 in May 2020 from 44.4 in April. This was the third straight month of contraction in the non-oil private sector, amid measures at home and abroad to combat the COVID-19 pandemic. The latest survey data were collected between 12-21 May, reflecting slower declines in output, new work and employment. At the same time, exports decreased again, mainly linked to international border closures and a lack of shipping availability. In terms of prices, input costs rose at the fastest since September 2018, linked to business closures and reduced capacity among regular suppliers. However, the rate of decline in average wages accelerated to the fastest since the survey began in August 2009. Meanwhile, output prices fell for the fourth straight month, in an attempt to stimulate new sales. Looking ahead, confidence remained very subdued, amid economic uncertainty.
2020-06-03
Saudi Arabia Non-Oil Private Sector Shrinks for 2nd Month
The IHS Markit Saudi Arabia PMI increased to 44.4 in April 2020 from 42.4 in March. The latest survey data were collected between 7-22 April, reflecting a slower reduction in new work and a stronger contribution from the suppliers' delivery times component, amid measures at home and abroad to combat the COVID-19 pandemic. Output continued to decline, and lower volumes of activity were almost exclusively attributed to business closures and shrinking customer demand. Where growth was reported, survey respondents often cited rising spending on healthcare products and services. Meantime, new export orders and employment dropped at the fastest pace since the survey began in August 2009. Looking ahead, confidence strengthened slightly but still at a historically low level, mainly reflecting uncertainty about the length of worldwide lockdown measures.
2020-05-05
Saudi Arabia Non-Oil Private Sector PMI Hits Record Low
The IHS Markit Saudi Arabia PMI plunged to a record low of 42.4 in March 2020 from 52.5 in February. The latest survey data were collected between 12-23 March, signaling a steep economic downturn even before the tightening of workplace and travel restrictions to contain the COVID-19 pandemic. Output fell for the first time in more than ten years of data collection and both new orders and export sales contracted at survey-record paces, with the latter reflecting the closure of international borders and subsequent bookings cancellations. In addition, employment declined slightly, directly linked to company shutdowns, while backlogs of works slumped to its lowest level since the survey began. Looking ahead, confidence weakened to the lowest since comparable data were first collected in April 2012.
2020-04-05

Saudi Arabia Non-Oil Private Sector PMI
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.