The IHS Markit United Arab Emirates PMI was down to 49.3 in January 2020, the first contraction since the survey began, from 50.2 in the previous month. New orders fell for the second time in three months, amid a slow business environment, in particular within the domestic economy, while output failed to grow for the first time in ten years. In addition, workforce numbers dropped at one of the strongest rates on record, mainly due to cost-cutting strategies. With capacity dwindling, backlogs of work continued to pile up, although this was often attributed to credit issues. Meanwhile, new orders from abroad grew for the third month in a row and at a faster rate, and input purchases rose further. On the price front, input cost rose for the fifth month in a row amid increased wages, while purchase prices were broadly unchanged. Selling prices, meantime, fell further due to strong competition. Lastly, confidence weakened slightly, though it held strong overall.

Manufacturing PMI in the United Arab Emirates averaged 55.23 points from 2011 until 2020, reaching an all time high of 61.20 points in October of 2014 and a record low of 49.30 points in January 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. source: Markit Economics

Manufacturing PMI in the United Arab Emirates is expected to be 50.50 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 59.00 in 12 months time. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 58.00 points in 2021 and 56.00 points in 2022, according to our econometric models.


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United Arab Emirates Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.30 50.20 61.20 49.30 2011 - 2020 points Monthly
SA


News Stream
UAE Non-Oil Private Sector Shrinks for First Time in Survey History
The IHS Markit United Arab Emirates PMI was down to 49.3 in January 2020, the first contraction since the survey began, from 50.2 in the previous month. New orders fell for the second time in three months, amid a slow business environment, in particular within the domestic economy, while output failed to grow for the first time in ten years. In addition, workforce numbers dropped at one of the strongest rates on record, mainly due to cost-cutting strategies. With capacity dwindling, backlogs of work continued to pile up, although this was often attributed to credit issues. Meanwhile, new orders from abroad grew for the third month in a row and at a faster rate, and input purchases rose further. On the price front, input cost rose for the fifth month in a row amid increased wages, while purchase prices were broadly unchanged. Selling prices, meantime, fell further due to strong competition. Lastly, confidence weakened slightly, though it held strong overall.
2020-02-04
UAE Non-Oil Private Sector Growth Remains Weak
The IHS Markit United Arab Emirates PMI edged down to 50.2 in December 2019 from 50.3 in November. This was the weakest reading since the decade-long sequence of growth, with output rising the least since September 2011. In addition, new orders grew marginally, linked to soft demand both at home and abroad. The expansion in new business was the weakest seen in the series history. Also, employment remained subdued. Meanwhile, purchasing activity rose for the first time in three months, though the overall increase was only modest. On the price front, input cost inflation was relatively mild, with some respondents noting higher raw material and fuel prices but little change to staff costs. Selling charges were again lowered, as has been the case in each month since October 2018, on the back of strong competitive pressures in the sector that led firms to offer discounts. Finally, sentiment were firmly positive, with the Expo 2020 proving a key source of optimism.
2020-01-06
UAE Non-Oil Private Sector PMI Lowest Since August 2009
The IHS Markit United Arab Emirates PMI fell to 50.3 in November 2019, the lowest since August 2009, from 51.1 in the previous month. Output expanded the least since September 2011, new business shrank for the first time in the series history and purchasing activity contracted further. At the same time, employment dropped at a fractional pace; while backlogs were affected by liquidity issues, rising at the quickest pace since June. Meantime, export sales returned to growth, as international markets reportedly fared better than the domestic one. On the price front, input cost inflation accelerated from October, though the rate was relatively subdued, while selling prices dropped for the 14th straight month, but the rate of falling softened for the first time since July. Finally, confidence improved to a four-month high, boosted by Expo 2020 event.
2019-12-05
UAE Non-Oil Private Sector Growth Stays at Near 9-1/2-Year Low
The IHS Markit United Arab Emirates PMI was at 51.1 in October 2019, unchanged from September's near 9-1/2-low. New business growth slipped to a new record low, with foreign sales declining for the first time in 19 months. At the same time, output levels grew at a relatively subdued pace, with businesses also restraining purchasing activity. Meantime, employment rose for the second consecutive month, but the rate remained marginal, with outstanding business rose slightly amid issues with payments at a number of firms. In terms of prices, input prices rose for the second month running, although the pace of inflation was marginal and softer than in September. Meanwhile, selling charges decline at steepest rate in series history. Finally, sentiment improved, due to new strategies and greater investment ahead of the Expo 2020.
2019-11-05

United Arab Emirates Non-Oil Private Sector PMI
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.