The IHS Markit Egypt PMI rose to 50.4 in September 2020 from 49.4 in August. The latest reading marked the first monthly expansion in the sector since July last year, amid the loosening restriction measures. New business growth accelerated to the fastest in over five years, with export sales also growing sharply, while employment fell at the slowest rate in ten months. Also, a rise in backlogs was seen for the fifth straight month, highlighting growing capacity pressures in the private sector. On the price front, input prices inflation eased to a three-month low, due to a stronger in exchange rates and reduction in some raw materials prices, while output inflation rose to the fastest in a year. Business sentiment were largely unmoved in September, and remained below the series trend.
Manufacturing PMI in Egypt averaged 47.84 points from 2012 until 2020, reaching an all time high of 52.50 points in November of 2013 and a record low of 29.70 points in April of 2020. This page provides the latest reported value for - Egypt Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt Non-Oil Private Sector PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Markit Economics
Manufacturing PMI in Egypt is expected to be 48.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Egypt to stand at 49.60 in 12 months time. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 49.00 points in 2021 and 49.50 points in 2022, according to our econometric models.