The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly SP Global Saudi Arabia PMI, rose to 53.3 points in June, marking its highest level in four months.
Saudi Arabia’s non-oil private sector continued to expand in June, with output rising sharply alongside stronger growth in new business. Activity was supported by a recovery in domestic demand, although firms continued to face challenges in export markets and mounting inflationary pressures.
The reading pointed to a further improvement in operating conditions at the end of Q2 2026, although the pace remained below the index long-run average.
Non-oil private sector activity increased in June at a pace broadly consistent with May. Around 18% of surveyed firms reported higher output, compared with only 2% reporting a decline. Growth was attributed to project approvals, stronger customer demand, and the resumption of sales activity following earlier postponements.
The report also showed stronger momentum in new business across the non-oil economy in June, with the rate of expansion accelerating to its fastest pace since February. Companies frequently cited renewed investor confidence, improved domestic consumer spending, and stronger sentiment following an easing in concerns over the regional conflict.
However, the improvement in overall sales contrasted with export performance, as new orders from overseas clients fell sharply for the fourth consecutive month. The report attributed the weakness in international sales to ongoing regional logistics disruptions and intensifying foreign competition.
The survey also indicated a marked improvement in business confidence among non-oil firms, with the future output index rising to its highest level since January.
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 %
November
58.5
(1.7)
(2.8%)
December
57.4
(1.1)
(1.9%)
January 2026
56.3
(1.1)
(1.9%)
February
56.1
(0.2)
(0.4%)
March
48.8
(7.3)
(13.0%)
April
51.5
+2.7
+5.5 %
May
52.8
+1.3
+2.5 %
June
53.3
+0.5
+0.9 %
The PMI is a weighted average ofthe 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%
The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly SP Global Saudi Arabia PMI, rose to 53.3 points in June, marking its highest level in four months.
Saudi Arabia’s non-oil private sector continued to expand in June, with output rising sharply alongside stronger growth in new business. Activity was supported by a recovery in domestic demand, although firms continued to face challenges in export markets and mounting inflationary pressures.
The reading pointed to a further improvement in operating conditions at the end of Q2 2026, although the pace remained below the index long-run average.
Non-oil private sector activity increased in June at a pace broadly consistent with May. Around 18% of surveyed firms reported higher output, compared with only 2% reporting a decline. Growth was attributed to project approvals, stronger customer demand, and the resumption of sales activity following earlier postponements.
The report also showed stronger momentum in new business across the non-oil economy in June, with the rate of expansion accelerating to its fastest pace since February. Companies frequently cited renewed investor confidence, improved domestic consumer spending, and stronger sentiment following an easing in concerns over the regional conflict.
However, the improvement in overall sales contrasted with export performance, as new orders from overseas clients fell sharply for the fourth consecutive month. The report attributed the weakness in international sales to ongoing regional logistics disruptions and intensifying foreign competition.
The survey also indicated a marked improvement in business confidence among non-oil firms, with the future output index rising to its highest level since January.
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 %
November
58.5
(1.7)
(2.8%)
December
57.4
(1.1)
(1.9%)
January 2026
56.3
(1.1)
(1.9%)
February
56.1
(0.2)
(0.4%)
March
48.8
(7.3)
(13.0%)
April
51.5
+2.7
+5.5 %
May
52.8
+1.3
+2.5 %
June
53.3
+0.5
+0.9 %
The PMI is a weighted average ofthe 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%
