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.

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Egypt Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.60 46.40 points Aug 2022

Egypt Non-Oil Private Sector PMI
In Egypt, The S&P Global Egypt Purchasing Managers’ Index measures the performance of the non-oil private sector and is derived from a survey of 450 companies, including manufacturing, services, construction and retail. The Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the non-oil private sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
47.60 46.40 52.50 29.70 2012 - 2022 points Monthly
SA

News Stream
Egypt Non-Oil Private Sector Shrinks at Softer Pace
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.
2022-09-05
Egypt Non-Oil Private Sector Shrinks at Softer Pace
The S&P Global Egypt PMI was up to 46.4 in July 2022 from June's 2-year low of 45.2. That said, the latest result was the 20th straight month of drop in the non-oil private sector, amid persistent headwinds to the economy. Output continued to fall amid weakening new orders, but the rate of drop slowed for the first time since April. Also, buying levels decreased further, down for the 7th-month running. Meantime, employment stabilized, ending a prior 8-month run of job losses, with backlogs of work up for the 2nd month in a row. On prices, there were signs that inflation had begun to soften, with fewer companies reporting a rise in their input cost compared to June, when the pace of inflation hit a near 4-year high. Meanwhile, the rate of charge inflation was still the 2nd-quickest since July 2018, amid rising prices for raw materials, fuel, and foodstuff. Lastly, confidence fell sharply after June's 5-month peak and was one of the weakest on record.
2022-08-03
Egypt Non-Oil Private Sector Shrinks the Most in 2 Years
The S&P Global Egypt PMI dropped to 45.2 in June 2022 from 47.0 in May. This was the 19th straight month of drop in the private sector and the steepest pace in two years, amid the strongest deterioration in economic conditions since Q2 of 2020. Both output and new orders fell the most since Q2 2020, linked to rising inflation and tightening monetary policy. Also, buying levels dropped at the fastest rate since April 2020; while staffing capacity was also lowered, albeit at a modest pace that was the slowest recorded since March. On prices, input cost inflation climbed to a near 4-year high, due geopolitical headwinds, surging transport cost, a further devaluation of the pound against the US dollar, and the fastest pace for eight months in staff wages. Subsequently, output charges were raised at the strongest rate since February 2017. Lastly, sentiment was at a 5-month high, on hopes that activity will start to recover from its current slump.
2022-07-06