Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE and Saudi Arabia indicated the above the neutral 50 level in March 2025, while Egypt reflected a decline compared to February data, according to a report by Emirates NBD Research.
The S&P Global PMI survey for the UAE fell to 54.0 in March, yet still comfortably above the neutral 50 level that delineates expansion and contraction in the non-oil private sector but down from 55.
Furthermore, the S&P Global PMI survey for Dubai retreated to 53.2 in March from 54.3 a month earlier. This was a five-month low for the index and softer than the headline UAE reading.
The Riyad Bank PMI survey for Saudi Arabia, meanwhile, slipped slightly to 58.1 in March compared to 58.4 in the previous month and the softest reading for the index since October 2024.
On the other hand, the S&P Global PMI survey for Egypt declined to 49.2 in March from 50.1 in February 2025 and back in contractionary sub-50 territory after the first consecutive months of growth for the private sector in two years over the previous two readings.
