The IHS Markit United Arab Emirates PMI fell to 50.6 in February 2021 from 51.2 in January. This was the weakest reading in three months, as rising local COVID-19 infections led to stricter restrictions in parts of the economy. New business failed to rise for the first time in four months, while output growth softened since the start of the year. Meantime, employment level were largely stable, with backlogs of works falling for the sixth month running. Firms also signaled that global supply chain delays impacted the economy, as lead times on inputs lengthened at the fastest rate since last April. Prices data showed input prices rose only slightly; while some firms continued to offer discounts in an effort to increase client demand, leading to a further fall in selling charges. Looking ahead, sentiment improved to a five-month high, but it remained historically weak. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.52 points from 2011 until 2021, reaching an all time high of 61.20 points in October of 2014 and a record low of 44.10 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Manufacturing PMI in the United Arab Emirates is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United Arab Emirates to stand at 54.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 53.00 points in 2022, according to our econometric models.