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.

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United Arab Emirates Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 54.20 54.40 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
54.20 54.40 61.20 44.10 2011 - 2022 points Monthly
SA

News Stream
UAE Non-Oil Private Sector Growth Stays Robust
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 stabilization of wage costs. Lastly, businesses were less optimistic as year-ahead expectations fell to its lowest point since February 2021.
2023-01-04
UAE Non-Oil Private Sector Eases to 10-Month Low
The S&P Global United Arab Emirates was down to 54.4 in November 2022 from 56.6 in the previous month, pointing to the second year of continued increase in the non-oil private sector activity but the weakest growth since January. Output grew the least since the start of the year, while new orders rose at the weakest pace since September 2021. At the same time, buying activity increased at the slowest pace since August and contributed to a further growth in inventories, while backlogs of work rose at the softest rate for ten months. On the price front, total input cost rose at a softer pace for three months, continuing a trend of modest inflation since September. Finally, sentiment slid to three-month low, linked to weaker sales growth.
2022-12-07
UAE Non-Oil Private Sector Growth Accelerates
The S&P Global United Arab Emirates increased to 56.6 in October 2022 from 56.1 in the previous month, amid faster uplifts in both output and new orders. The strengthening of demand conditions brought additional capacity pressures, leading firms to increase their headcounts at the sharpest rate since July 2016 and purchase inputs to the greatest extent for over three years. Meanwhile, export orders grew the least since the start of the year, reflecting global economic headwinds. At the same time, backlogs of work increased sharply, linked to existing projects and pandemic-related shipping delays. Turning on prices, firms noted that reductions in costs for items such as fuel, steel, and transport had kept inflation mild. Meantime, output charges fell for the sixth month running, due to efforts from producers to maintain a competitive landscape. Finally, business confidence weakened and remained soft by historical standards.
2022-11-03