Saudi Arabia Non-Oil Private Sector PMI

The Emirates NBD Saudi Arabia PMI rose to 57.3 in May 2019, the highest reading since December 2017, from 56.8 in April. Output growth accelerated to a 17-month high and new orders rose at one of the fastest seen over the past four years. In addition, export orders grew the most since February 2017. Also, employment went up the most since January, though the rate was only marginal. On the price front, selling prices increased modestly for the first time in seven months, on higher costs and stronger demand. Meanwhile, overall input prices rose the most since last December, though the rate of inflation was still subdued by historical standards, with both purchasing costs and wages up only slightly. Finally, confidence remained strong despite easing from a near five-year high in April, linked to underlying economic conditions and plans for improved products and services. Manufacturing PMI in Saudi Arabia is reported by Markit Economics.

Manufacturing PMI in Saudi Arabia is expected to be 56.90 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 56.50 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	57.30	56.80	61.80	51.40		[+]
Industrial Production	2.34	5.84	25.87	-24.93	percent	[+]
Changes in Inventories	-6297.00	43955.00	121176.00	-51524.00	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	62.00	65.00	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	480.00	495.00	558.00	7.00	Thousand Tonnes	[+]

In Saudi Arabia, the Emirates NBD 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 June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	57.30	56.80	61.80	51.40	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	52.70	May/19	54.8	62.5 : 29.47
Brazil	50.20	May/19	51.5	53.5 : 41.6
Canada	49.10	May/19	49.7	57.1 : 47.5
China	50.20	May/19	50.2	52.3 : 47.2
Euro Area	47.80	Jun/19	47.7	60.6 : 33.5
France	52.00	Jun/19	50.6	58.8 : 42.7
Germany	45.40	Jun/19	44.3	63.3 : 32
India	52.70	May/19	51.8	55 : 47.9
Indonesia	51.60	May/19	50.4	58.5 : 46.4
Italy	49.70	May/19	49.1	59 : 47.4
Japan	49.50	Jun/19	49.8	56.2 : 29.6
Mexico	50.00	May/19	50.1	57.1 : 49.2
Netherlands	52.20	May/19	52	63.4 : 48
Russia	49.80	May/19	51.8	54.7 : 47.6
Saudi Arabia	57.30	May/19	56.8	61.8 : 51.4
Singapore	49.90	May/19	50.3	53.1 : 48.3
South Africa	45.40	May/19	47.2	60.87 : 35.09
South Korea	48.40	May/19	50.2	52.6 : 45.7
Spain	50.10	May/19	51.8	56.1 : 41.1
Switzerland	48.60	May/19	48.5	66.9 : 32.8
Turkey	45.30	May/19	46.8	55.7 : 42.7
United Kingdom	49.40	May/19	53.1	61.5 : 34.4
United States	50.10	Jun/19	50.5	57.9 : 50.1