United Arab Emirates Manufacturing PMI

Last Release

Jul 31, 2024

Actual

53.7

Units In

Points

54.6

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
61.2 Oct 2014	44.1 Apr 2020	54.7 Points	2011-2024	Markit Economics

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.

Latest Updates

The S&P Global United Arab Emirates PMI edged up to 54.1 in October 2024, from September’s three-year low of 53.8. The upturn was supported mainly by a faster increase in output. However, the growth in new orders softened to its lowest level since February 2023, contributing to weaker employment growth, which fell to a 30-month low. Meanwhile, input purchasing growth remained sharp, particularly as businesses worked to address the recent trend of backlog accumulation. The slower rise in backlogs was aided by improved supplier delivery times. On the price front, input cost inflation eased to a six-month low, amid a slowdown in both purchase prices and wages, with the latter showing the weakest inflation rate in almost a year. Firms also reduced their output prices for the first time in six months in an effort to reverse the slowing sales trend. Lastly, business sentiment improved from September's 18-month low, although it remained one of the weakest levels recorded in 2024 thus far.