The IHS Markit Saudi Arabia PMI increased to to 54.7 in November 2020 from 51.0 in October. The latest reading pointed to the third straight month of expansion in the sector, and the highest reading in 10 months, amid the loosening restriction lockdowns. Output expanded at the fastest pace in ten months while new orders continued to rise. Both domestic and foreign sales rose on the month, marking only the second upturn in new export orders since February. At the same time, employment increased for first time since January, albeit only fractionally overall. On the price front, input costs inflation accelerated and one was of the fastest seen in the last five years. As a result, output charges continued to rise. Looking ahead, business expectations improved to the highest seen for ten months, due to the easing lockdown measures and news about effective vaccines . source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.12 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 December of 2020.
Manufacturing PMI in Saudi Arabia is expected to be 50.00 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 56.00 points in 2021 and 57.00 points in 2022, according to our econometric models.