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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Saudi ArabiaSaudi Arabia PMI climbed to 55.3% in September 2026
FMPMonthlyReleased October 2026
Saudi Arabia PMI climbed to 55.3% in September 2026, released October 2026, up 1.5% from August's 53.8% reading. The reading matched the 53.5% consensus. PMI has now risen for 3 consecutive months. Over the past 3 months, PMI averaged 53.45%, vs 52.53% in the prior 3-month window. PMI is now the highest in 6 months.
Latest Release
55.3
Actual
53.5
Consensus
53.8
Previous
Median Absolute Error
±0.75 percentage points
across last 5 releases
Last Call
Oct 2026
Predicted: 53.68
Actual: 55.3
Error: -1.63
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 | −0.59 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.41 | CRYPTO | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.31 | FOREX | 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 55.3% in October 2026. This beat the market consensus of 53.5% by 1.8%. The reading rose from the previous value of 53.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 55.68%, ranging from 52.8% to 60.2% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 54.07%, unchanged from the prior three. Volatility over the past year (σ 2.37%) is higher than the prior year (σ 1.55%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for November 3, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 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 (Sep 2026): actual 55.3 %, consensus 53.5 %. Prior reading (Aug 2026): 53.8 %. Before that (Jul 2026): 53.1 %.
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=-0.59) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - SA Events
| Sunday, October 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | SA | Industrial Production YoY | -8.1 | -8 | -8.00 | Low | |