Saudi PMI falls to 58.1 points in March

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The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia PMI, dropped to 58.1 points in March 2025.

Saudi Arabia’s non-oil private sector saw a strong improvement in business conditions in March, according to the latest PMI data. Although the index fell to a five-month low, it remained above the long-run series average of 56.9 points, signaling continued growth.

Surveyed firms reported solid demand at the end of Q1 2025, highlighted by a notable rise in new orders. Growth continued to slow from January’s peak, the highest in nearly 14 years, but remained positive.

Stronger sales were mainly driven by stepped-up marketing, lower selling prices, and improved economic conditions.

External demand also picked up, though the pace of growth softened. Intensifying competition in the non-oil economy led to a drop in selling prices, the first decline in six months. At the same time, input cost inflation eased to its lowest level in just over four years.

The PMI is a weighted average of the following five sub-indices: