The IHS Markit Egypt PMI dropped to 47.7 in April 2021 from 48.0 a month earlier. This was the fifth straight month of contraction in the non-oil private sector and the steepest since June 2020, amid the prolonged impact of COVID-19 disruptions. New business fell for the fifth month in a row, with the pace of drop broadly unchanged from March's nine-month record. A similar trend was also seen for new orders while purchasing activity was also lowered with a number of companies putting buying decisions on hold and utilizing existing stocks. Meanwhile, export sales grew solidly, amid an improvement across global markets. Firms reported a slowdown in supplier performance for the fifth month running, although the latest drop softened from March and was slight. Prices data showed input costs rose sharply, forcing many businesses to raise their selling charges, although the increase was notably softer than for input prices. Finally, the degree of optimism slipped below the series average. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.92 points from 2012 until 2021, 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 May of 2021.
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. Looking forward, we estimate Manufacturing PMI in Egypt to stand at 48.70 in 12 months time. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 49.80 points in 2022 and 51.00 points in 2023, according to our econometric models.