Riyad Bank Saudi Arabia's PMI slightly declined to 58.4 in December 2024 from November's 17-month high of 59.0, signaling a marked improvement in operating conditions across the non-oil private sector, despite easing from the previous month. The index has remained above the 50.0 neutral mark continuously since September 2020. The expansion came amid a substantial rise in new orders, due to elevated demand, with foreign sales rising the most in 17 months, which have propelled total sales volumes to their highest levels in a year. Employment increased, though job creation softened while purchasing activity rose to a nine-month high. Meanwhile, delivery times shortened as input holdings advanced the most since May. On prices, input prices rose due to higher material costs, while selling prices increased slightly amid strong competition and elevated stock levels. Finally, business sentiment improved to a nine-month high, due to robust sales growth. source: S&P Global

Manufacturing PMI in Saudi Arabia decreased to 58.40 points in December from 59 points in November of 2024. Manufacturing PMI in Saudi Arabia averaged 56.33 points from 2011 until 2024, 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.

Manufacturing PMI in Saudi Arabia decreased to 58.40 points in December from 59 points in November of 2024. Manufacturing PMI in Saudi Arabia is expected to be 54.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Changes in Inventories 35156.00 -16021.00 SAR Million Sep 2024
Corruption Index 52.00 51.00 Points Dec 2023
Corruption Rank 53.00 54.00 Dec 2023
Crude Oil Rigs 25.00 31.00 Dec 2024
Industrial Production YoY 3.40 4.40 percent Nov 2024
Industrial Production Mom -2.30 0.00 percent Nov 2024
Manufacturing Production 2.70 2.90 percent Nov 2024
Mining Production 1.20 0.40 percent Nov 2024

Saudi Arabia Non-Oil Private Sector PMI
In Saudi Arabia, the seasonally adjusted Riyad Bank Saudi Arabia 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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Saudi Non-Oil Private Sector Growth Remains Robust
Riyad Bank Saudi Arabia's PMI slightly declined to 58.4 in December 2024 from November's 17-month high of 59.0, signaling a marked improvement in operating conditions across the non-oil private sector, despite easing from the previous month. The index has remained above the 50.0 neutral mark continuously since September 2020. The expansion came amid a substantial rise in new orders, due to elevated demand, with foreign sales rising the most in 17 months, which have propelled total sales volumes to their highest levels in a year. Employment increased, though job creation softened while purchasing activity rose to a nine-month high. Meanwhile, delivery times shortened as input holdings advanced the most since May. On prices, input prices rose due to higher material costs, while selling prices increased slightly amid strong competition and elevated stock levels. Finally, business sentiment improved to a nine-month high, due to robust sales growth.
2025-01-05
Saudi Non-Oil Private Sector Growth Hits 16-Month Peak
Riyad Bank Saudi Arabia's PMI climbed to 59.0 in November 2024 from 56.9 in the prior month, pointing to the highest reading since July 2023 and continuing its upward momentum for the fourth month running. There was a quicker rise in new orders driven by increased foreign sales after a modest fall in October. Additionally, employment growth was the second fastest in over a decade, only surpassed by October 2023, leading to a slight decline in outstanding business. Furthermore, buying levels rose the most since March, as many companies aimed to increase stocks in anticipation of rising sales. However, vendor performance slowed to a 15-month low. On the cost front, input prices rose due to higher wages and the impact of broader geopolitical tensions on material prices and transport costs. Prices charged rose for the second month, with the rate of increase being the highest since January. Finally, confidence remained positive, bolstered by optimism about the demand outlook.
2024-12-03
Saudi Non-Oil Private Sector Growth at 6-Month High
Riyad Bank Saudi Arabia's PMI increased for the third consecutive month, reaching 56.9 in October 2024, up from 56.3 in September. This marks the fastest growth in the non-oil private sector since April, driven by a sharp rise in sales, which supported further expansion in business activity, employment, and stock levels. New orders saw their highest level since March, driven by strong domestic demand and effective marketing. Employment also rose for the sixth month in a row, keeping workloads manageable. Meanwhile, purchasing activity increased in October from September's three-year low, though at a slower pace compared to a year earlier, while inventories rose sharply as firms reported sufficient stock levels. On prices, input costs rose due to higher material and wage expenses, leading to the first increase in average prices charged in four months. Finally, business sentiment remained strong, bolstered by economic stability and ongoing infrastructure projects under Vision 2030.
2024-11-05