United Arab Emirates Non-Oil Private Sector PMI

The Emirates NBD United Arab Emirates PMI increased to 55.7 in March 2019 from a 28-month low of 53.4 in February. Output and new orders advanced at a faster pace, with export sale growth recovering from February’s 11-month low amid reports of greater new orders from other GCC countries and the US. Companies raised their input buying at a near-record pace, while the pace of accumulation in inventories also picked up. Additionally, employment levels stabilised following a marked decline in the previous month, amid greater new orders. On the price front, input cost rose slightly while output prices fell for the sixth consecutive month mostly driven by discounts due to a competitive environment. Lastly, optimism hit a new record high boosted by stronger market demand. Manufacturing PMI in the United Arab Emirates is reported by Markit Economics.

Manufacturing PMI in the United Arab Emirates is expected to be 55.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United Arab Emirates to stand at 56.50 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 58.00 in 2020, according to our econometric models.

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United Arab Emirates Non-Oil Private Sector PMI

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United Arab Emirates Business	Last	Previous	Highest	Lowest	Unit
Manufacturing PMI	55.70	53.40	61.20	51.70		[+]
Changes in Inventories	81229.05	87098.61	98011.42	7139.72	AED Million	[+]
Internet Speed	8570.97	10684.69	10684.69	809.16	KBps	[+]
IP Addresses	1353580.00	1312871.00	1511164.00	101024.00	IP	[+]
Competitiveness Index	73.37	72.30	73.37	4.49	Points	[+]
Competitiveness Rank	27.00	27.00	37.00	12.00		[+]
Ease of Doing Business	11.00	21.00	47.00	11.00		[+]
Corruption Index	70.00	71.00	71.00	52.00	Points	[+]
Corruption Rank	23.00	21.00	37.00	21.00		[+]

In the United Arab Emirates, the Emirates NBD UAE 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 - United Arab Emirates Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Arab Emirates 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
	55.70	53.40	61.20	51.70	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Saudi Arabia	56.80	Mar/19	56.6	61.8 : 51.4
United Kingdom	55.10	Mar/19	52.1	61.5 : 34.4
Brazil	52.80	Mar/19	53.4	53.5 : 41.6
Russia	52.80	Mar/19	50.1	54.7 : 47.6
India	52.60	Mar/19	54.3	55 : 47.9
Netherlands	52.50	Mar/19	52.7	63.4 : 48
United States	52.40	Apr/19	52.4	57.9 : 50.7
Indonesia	51.20	Mar/19	50.1	58.5 : 46.4
Australia	51.00	Mar/19	54	62.5 : 29.47
Spain	50.90	Mar/19	49.9	56.1 : 41.1
China	50.80	Mar/19	49.9	52.3 : 47.2
Singapore	50.80	Mar/19	50.4	53.1 : 48.3
Canada	50.50	Mar/19	52.6	57.1 : 47.5
Switzerland	50.30	Mar/19	55.4	66.9 : 32.8
Mexico	49.80	Mar/19	52.6	57.1 : 49.2
France	49.60	Apr/19	49.7	58.8 : 42.7
Japan	49.50	Apr/19	49.2	56.2 : 29.6
South Korea	48.80	Mar/19	47.2	52.6 : 45.7
Euro Area	47.80	Apr/19	47.5	60.6 : 33.5
Italy	47.40	Mar/19	47.7	59 : 47.4
Turkey	47.20	Mar/19	46.4	55.7 : 42.7
South Africa	45.00	Mar/19	46.2	60.87 : 35.09
Germany	44.50	Apr/19	44.1	63.3 : 32