MENA PMIs March 2025

The S&P Global PMI survey for the UAE fell to 54.0 in March, still comfortably above the neutral 50.0 level that delineates expansion and contraction in the non-oil private sector but down from 55.0 .
The S&P Global PMI survey for Dubai fell to 53.2 in March, down from 54.3 previously. This was a five-month low for the index and softer than the headline UAE reading.
The Riyad Bank PMI survey for Saudi Arabia slipped slightly to 58.1 in March, down from 58.4 the previous month and the softest reading for the index since October last year.
The S&P Global PMI survey for Egypt slipped back to 49.2 in March, down from 50.1 in February 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.

Daniel Richards