The IHS Markit Saudi Arabia PMI increased to 55.2 in April 2021 from 53.3 a month earlier, pointing to the highest reading since January, amid an easing of Covid-19 restrictions. Output expanded at the fastest pace since January, while new orders growth strengthened, with demand picking up for the first time in this year. Firms were also helped by renewed growth in export sales that was linked to strengthening demand from Asia. Meanwhile, employment rose for the first time in five months and to the greatest extent since November 2019. Efforts to boost capacity also helped to reduce backlogs, albeit at the slowest rate since last September. On the price front, input price inflation accelerated due to a faster rise in raw material prices. As, a result, output prices continued to increase. Finally, sentiment weakened on concerns about strength of the economic recovery from Covid-19 and the pandemic’s impact on tourism activity. source: Markit Economics
Manufacturing PMI in Saudi Arabia averaged 56.08 points from 2011 until 2021, 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 May of 2021.
Manufacturing PMI in Saudi Arabia is expected to be 56.00 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 60.00 in 12 months time. In the long-term, the Saudi Arabia Non-Oil Private Sector PMI is projected to trend around 57.00 points in 2022, according to our econometric models.