Palm trees and buildings in Saudi Arabia

Saudi Arabia PMI September 2021

Saudi Arabia: Non-oil PMI surges in September, as Covid-19 restrictions ease

The Purchasing Managers’ Index (PMI), produced by IHS Markit, came in at 58.6 in September, which was up from August’s 54.1. The print marked a seven-year high, and consequently the index remained above the 50-threshold, indicating improving business activity in the non-oil private sector.

September’s acceleration reflected stronger growth in new orders and output, as looser restrictions allowed workers to return to offices, while tourism picked up notably in the month leading to stronger demand. That being said, firms reported adequate capacity levels with employment conditions remaining stable over the last month in September.

David Owen, an economist at IHS Markit, commented:

“The record rise in the PMI will be hugely encouraging for Saudi Arabian businesses. After two successive falls, the latest reading showed that the economic recovery has stamina, and the relaxation of pandemic measures will release new waves of demand.”

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