The Emirates NBD Saudi Arabia PMI edged up to 56.8 in March 2019 from 56.6 in the previous month. This was the highest PMI reading since December 2017, as new orders expanded the most since April 2015 and output grew at the fastest pace in seven months. Meanwhile, employment fell slightly amid lack of capacity pressures, ending a near five-year sequence of workforce growth. Regarding prices, operating expenses rose modestly, partly reflecting slight increases in both purchase prices and staff pay. Meanwhile, most firms left their selling prices unchanged, amid efforts to boost sales through competitive pricing. Looking ahead, confidence remained strongly positive, despite the degree of optimism easing further from January’s recent peak. 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.

Saudi Arabia Non-Oil Private Sector PMI
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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 56.80 56.60 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 4.17 0.59 4.17 -3.10 percent [+]
Manufacturing Production 16.44 8.09 21.50 -2.65 percent [+]
Mining Production 1.95 2.01 6.02 -6.75 percent [+]
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 448.00 470.00 558.00 7.00 Thousand Tonnes [+]


Saudi Arabia Non-Oil Private Sector PMI

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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.80 56.60 61.80 51.40 2011 - 2019 Monthly
SA




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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