Palm trees and buildings in Saudi Arabia

Saudi Arabia PMI December 2022

Saudi Arabia: Non-oil PMI falls in December

The Non-oil S&P Global Purchasing Managers Index (PMI) fell to 56.9 in December from Novembers 58.5. As such, the index remained entrenched above the 50.0 no-change threshold, signaling a softer, albeit still strong, improvement in private sector operating conditions from the previous month.

The PMI deteriorated slightly as both output and input purchases rose at a slower rate. That said, the PMI remained close to its high for the year, with employment rising at the sharpest rate in nearly five years. The PMI was supported by robust demand, with investment boosted by the ongoing Saudi Vision 2030 reforms. Despite input inflation increasing at a slower rate than the previous month, output inflation rose to a nine-month high. Finally, firms optimism about production a year ahead eased slightly.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest