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.

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Saudi Arabia Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.70 51.00 61.80 42.40 2011 - 2020 points Monthly
SA


News Stream
Saudi Non-Oil Private Sector PMI Highest in 10 Months
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 .
2020-12-03
Saudi Arabia Non-Oil Private Sector Grows for 2nd Month
The IHS Markit Saudi Arabia PMI increased slightly to 51.0 in October 2020 from 50.7 in September. The latest reading pointed to the second straight month of expansion in the sector, and the highest reading in eight months, amid the loosening restriction lockdowns. Output expanded at the fastest pace since February while new orders continued to rise. At the same time, employment declined for the eight-month running, albeit one that was only marginally. Meanwhile, export sales eased, as firms struggled to revive orders with foreign clients. On the price front, input costs inflation rose modestly but was the second-sharpest for over two years, due to a faster rise in prices of material and transport. Meanwhile, output charges fell fractionally for the first time since July, as survey respondents noted discounting efforts amid strong market competition. Looking ahead, business expectations weakened slightly, the first decline since June.
2020-11-03
Saudi Arabia Non-Oil Private Sector Returns to Growth
The IHS Markit Saudi Arabia PMI increased to 50.7 in September 2020 from 48.8 in August. The latest reading pointed to the first expansion in the sector since February, amid the loosening restriction lockdowns. Both output and new orders rose marginally, while export sales increased for first time since February. Meanwhile, employment declined at the softest pace since March, amid an increase in output requirements and a slower drop in backlogs. On the price front, input costs inflation slowed, as the impact of a rise in VAT eased considerably since August, while output charges rose more slowly, with some companies offering discounts in an effort to clear existing stocks. Looking ahead, business expectations strengthened to a seven-month, due to hopes an increase in output over the coming year.
2020-10-05
Saudi Non-Oil Private Sector Shrinks Again in August
The IHS Markit Saudi Arabia PMI declined to 48.8 in August 2020 from 50.0 in July, signalling a renewed decline in business conditions, after stabilising in July, due to the economy fell back into a downturn as firms registered a solid drop in new business, in part linked to the rise in VAT charges amid ongoing restriction measures. Output was lowered for the sixth month running and employment fell at the slowest since May, while new orders declined. On the price front, input costs rose at the sharpest rate since September 2012, due to a rise in raw materials, the impact of the rise in VAT, while output charges grew at the fastest pace in 11 years. Looking ahead, business expectations strengthened to a six-month high, due to reopening sectors should allow the economy to stabilise.
2020-09-03

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.