The IHS Markit United Arab Emirates PMI jumped to 50.4 in June 2020 from 46.7 in May. This marked the first month of growth in the non-oil private sector since last December as the country continued to relax measures designed to stop the spread of COVID-19. Output expanded for the first time in six months, and new orders rose the most since August 2019 amid improving demand both at home and abroad. Meantime, job shedding accelerated to one of the fastest seen in the series history, with backlogs rising for the ninth month in a row that was also the strongest for three months. Prices data showed purchasing costs increased for the second month in a row, in part due to higher demand for inputs, whereas selling charges fell again in a sequence stretching back to October 2018. Looking forward, the outlook for future activity improved for the first time since March.
Manufacturing PMI in the United Arab Emirates averaged 54.88 points from 2011 until 2020, 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 July of 2020. source: Markit Economics
Manufacturing PMI in the United Arab Emirates is expected to be 46.00 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 51.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2021 and 56.00 points in 2022, according to our econometric models.