The S&P Global United Arab Emirates edged lower to 54.2 in December 2022 from 54.4 in the previous month, in line with its long-run series average since August 2009. The latest reading signalled an improvement in the country’s non-oil private sector activity, albeit one of the softest expansions since January. Output continued to grow at a sharp pace in December but showed signs of easing from its over three-year peak in August, while new businesses continued to rise sharply but at the slowest pace in fifteen months. Also, employment increased at the softest rate in eight months and only marginally overall, while backlogs of work accelerated. Meanwhile, new business export declined for the first time since August 2021. On prices, input costs decreased due to improvements in input availability and a stabilization of wage costs. Lastly, businesses were less optimistic as year-ahead expectations fell to its lowest point since February 2021. source: Markit Economics
Manufacturing PMI in the United Arab Emirates averaged 54.53 points from 2011 until 2022, 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 January of 2023.
Manufacturing PMI in the United Arab Emirates is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Non-Oil Private Sector PMI is projected to trend around 54.00 points in 2024, according to our econometric models.