The S&P Global Egypt PMI was up to 47.6 in August 2022 from 46.4 in the prior month. This was the highest reading since January despite staying in the negative territory for the 21st straight month, with output and new orders indices edging higher for the second straight month from June's recent lows. Meantime, firms continued to see a worsening in client demand due to rapid inflation, export sales fell after rising for the first time in six months in July, and buying levels shrank for the 8th month running. In contrast, employment grew the most since October 2019 amid a stabilization in backlogs after two successive rises. On inflation, input cost rose much softer for the second month running, partly due to the first drop in five months for wage costs. In turn, prices charged went up at a slower rate, with the uptick still solid and faster than the series trend. Lastly, sentiment was relatively downbeat weak market conditions, high inflation, and sustained supply problems. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.92 points from 2012 until 2022, 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 September of 2022.
Manufacturing PMI in Egypt is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 50.00 points in 2023 and 50.70 points in 2024, according to our econometric models.