The S&P Global Egypt PMI was at 47.0 in May 2022, compared with 46.9 a month earlier. This was the 18th straight month of drop in private sector activity, with the gauge for output continuing to post below the neutral of 50.0, while new orders fell the most since June 2020. At the same time, employment shrank for the 7th in as many months, and backlogs of work dropped for the fourth month running. Delivery times worsened for the seventh straight month, as input buying continued to fall. On prices, input cost inflation accelerated to the highest print in six months, on the impact of the Ukraine war on commodity prices, as well as increased import costs due to supply shortages and a higher US dollar value. Selling prices, meantime, rose at a faster rate, but the uptick was only modest. Finally, sentiment slipped to the second-lowest on record after having reached an all-time low in March, due to concerns that inflationary pressures will limit business growth. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.96 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 July of 2022.
Manufacturing PMI in Egypt is expected to be 46.70 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 51.00 points in 2024, according to our econometric models.