AI Summary
The Kingdom of Saudi Arabia's flag
The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia PMI, rose to 60.2 points in October 2025.
The latest reading marked a significant improvement in Saudi Arabia’s non-oil private sector, marking the second-fastest rate of growth since September 2014, with only January of that period recording a sharper rise.
Operating conditions improved substantially amid rising demand and strong employment activity. Moreover, production levels expanded, and companies increased inventories as supply conditions strengthened.
However, input cost pressures accelerated in October, prompting companies to raise prices at the fastest pace in over two years.
Growth in new orders accelerated for the third consecutive month, with 48% of surveyed companies reporting higher sales, compared to just 4% reporting a decline.
Sales growth was attributed to improving economic conditions, rising client numbers, and increased foreign investment.
Production also rose in October, supported by stronger inflows of new business.
Business activity expanded further due to an increase in workforce numbers, with the pace of job creation reaching its highest level in nearly 16 years.
According to the report, the circulating reports indicated that companies hired mainly to boost production capacity and manage the backlog of work, and although the volume of business increased in October, the rate of backlog was marginal.
|
Saudi Arabia PMI since 2023* |
|||
|
Month |
Index (Points) |
Change (Points) |
Change (%) |
|
Jan. 2023 |
58.2 |
+ 1.3 |
+2.3% |
|
February |
59.8 |
+ 1.6 |
+2.7% |
|
March |
58.7 |
(1.1) |
(1.8%) |
|
April |
59.6 |
+ 0.9 |
+1.5% |
|
May |
58.5 |
(1.1) |
(1.8%) |
|
June |
59.6 |
+ 1.1 |
+1.9% |
|
July |
57.7 |
(1.9) |
(3.2%) |
|
August |
56.6 |
(1.1) |
(1.9%) |
|
September |
57.2 |
+ 0.6 |
+1.1% |
|
October |
58.4 |
+ 1.2 |
+2.1% |
|
November |
57.5 |
(0.9) |
(1.5%) |
|
December |
57.5 |
-- |
-- |
|
Jan. 2024 |
55.4 |
(2.1) |
(3.7%) |
|
February |
57.2 |
+ 1.8 |
+3.2% |
|
March |
57.0 |
(0.2) |
(0.3%) |
|
April |
57.0 |
-- |
-- |
|
May |
56.4 |
(0.6) |
(1.1%) |
|
June |
55.0 |
(1.4) |
(2.5%) |
|
July |
54.4 |
(0.6) |
(1.1%) |
|
August |
54.8 |
+ 0.4 |
+0.7% |
|
September |
56.3 |
+ 1.5 |
+2.7% |
|
October |
56.9 |
+ 0.6 |
+1.1% |
|
November |
59.0 |
+ 2.1 |
+3.7% |
|
December |
58.4 |
(0.6) |
(1.0%) |
|
January 2025 |
60.5 |
+ 2.1 |
+3.6% |
|
February |
58.4 |
(2.1) |
(3.5%) |
|
March |
58.1 |
(0.3) |
(0.5%) |
|
April |
55.6 |
(2.5) |
(4.3%) |
|
May |
55.8 |
+ 0.2 |
+0.4% |
|
June |
57.2 |
+ 1.4 |
+2.5% |
|
July |
56.3 |
(0.9) |
(1.6%) |
|
August |
56.4 |
+ 0.1 |
(0.2%) |
|
September |
57.8 |
+ 1.4 |
+2.5% |
|
October |
60.2 |
+ 2.4 |
+4.2% |
The PMI is a weighted average of the following five indices:
|
Riyad Bank PMI Details |
|
|
Sub-index |
Percentage (%) |
|
New orders |
30% |
|
Production |
25% |
|
Employment |
20% |
|
Suppliers’ delivery times |
15% |
|
Stocks of purchases |
10% |
|
Total |
100% |
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