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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia PMI climbed to 53.8% in August 2026
FMPMonthlyReleased September 2026
Saudi Arabia PMI climbed to 53.8% in August 2026, released September 2026, up 0.7% from July's 53.1% reading. The reading matched the 53.2% consensus. Year-over-year, the indicator is down 2.6%. Over the past 3 months, PMI averaged 53.2%, vs 51.03% in the prior 3-month window. The reading is in the 29th percentile of the trailing 24-month range.
Latest Release
53.8
Actual
53.2
Consensus
53.1
Previous
Median Absolute Error
±0.66 percentage points
across last 4 releases
Last Call
Sep 2026
Predicted: 53.23
Actual: 53.8
Error: -0.57
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.34 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI (Saudi Arabia) was reported at 53.8% in September 2026. This beat the market consensus of 53.2% by 0.6%. The reading rose from the previous value of 53.1%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 55.93%, ranging from 52.8% to 60.2% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 53.4%, down from the prior three at 55.07%. Volatility over the past year (σ 2.45%) is higher than the prior year (σ 1.65%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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PMI - SA
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About PMI — Saudi Arabia
DEFINITION
PMI, or Purchasing Managers' Index, is a widely used economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, and provides valuable insights into the overall economic activity and future trends. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This indicator is closely monitored by investors, businesses, and policymakers as it can help inform decisions related to investments, production, and economic policies.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 53.8 %, consensus 53.2 %. Prior reading (Jul 2026): 53.1 %. Before that (Jun 2026): 53.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.61) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - SA Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Inflation Rate YoY | 1.8 | 1.8 | 1.80 | Low | |
| 06:00 | SA | Wholesale Prices YoY | 5 | 5.1 | 5.70 | Low | |
| 06:00 | SA | Inflation Rate MoM | 0.2 | 0.1 | 0.10 | Low | |
| 06:00 | SA | Wholesale Prices YoY | 5 | 5.1 | 5.70 | Low | |
| 06:00 | SA | Inflation Rate YoY | 1.8 | 1.8 | 1.80 | Low | |