Palm trees and buildings in Saudi Arabia

Saudi Arabia PMI November 2020

Saudi Arabia: Non-oil PMI hits a 10-month high in November

The Purchasing Managers’ Index (PMI), produced by IHS Markit, increased to 54.7 in November—the highest level since January—from 51.0 in October. Consequently, the index remained above the 50-threshold, indicating improving business activity in the non-oil private sector over the previous month.

November’s result reflected stronger output growth, while employment levels and new orders increased relative to the previous month. Moreover, business sentiment jumped to the highest level in ten months in November as easing lockdown measures and positive news on the Covid-19 vaccine front boosted confidence.

Turning to prices, input costs rose, while output prices increased robustly in November.

David Owen, an economist at IHS Markit, commented that:

“A third successive rise in the Saudi Arabia PMI pointed to an economy getting back on its feet in November. Supported by output and new business growth reaching ten-month highs, the data suggests a strong end to the year for the non-oil private sector.”

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