The IHS Markit Egypt PMI declined to 48.2 in December 2020 from 50.9 in November. The latest reading marked the first monthly contraction in the sector in four months, reflecting solid falls in both output and new orders as rising COVID-19 cases sparked a reduction in client demand. Meanwhile, the job shedding accelerated to the fastest in four months, albeit still only moderate overall. On the price front, input prices inflation accelerated, due to a faster rise in prices of raw materials, while selling charges rose slightly. However, some firms lowered their charges amid efforts to attract new customers. Business sentiment improved strongly, due to hopes effective COVID-19 vaccines and expectations of new contracts and business expansion. source: Markit Economics

Manufacturing PMI in Egypt averaged 47.91 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 January of 2021.

Manufacturing PMI in Egypt is expected to be 50.00 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 49.00 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, according to our econometric models.

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Egypt Non-Oil Private Sector PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.20 50.90 52.50 29.70 2012 - 2020 points Monthly
SA


News Stream
Egypt Non-Oil Private Sector Shrinks for 1st Time in 4 Months
The IHS Markit Egypt PMI declined to 48.2 in December 2020 from 50.9 in November. The latest reading marked the first monthly contraction in the sector in four months, reflecting solid falls in both output and new orders as rising COVID-19 cases sparked a reduction in client demand. Meanwhile, the job shedding accelerated to the fastest in four months, albeit still only moderate overall. On the price front, input prices inflation accelerated, due to a faster rise in prices of raw materials, while selling charges rose slightly. However, some firms lowered their charges amid efforts to attract new customers. Business sentiment improved strongly, due to hopes effective COVID-19 vaccines and expectations of new contracts and business expansion.
2021-01-05
Egypt Non-Oil Private Sector Growth Eases
The IHS Markit Egypt PMI declined slightly to 50.9 in November 2020 from 51.4 in October. The latest reading marked the third monthly expansion in the sector, despite the growth easing from October, as growth in both output and new business softened since the start of the fourth quarter. Meanwhile, job numbers fell for the thirteenth month in a row, but the rate of decrease was the slowest in this sequence, as rising orders and increased backlogs led some firms to expand their workforces. On the price front, input prices inflation eased, leading to a slower and only modest increase in average selling charges. Business sentiment declined to the weakest in series history, as worries grew over a second wave of COVID-19 in some global markets.
2020-12-03
Egypt Non-Oil Private Sector PMI Highest Since 2014
The IHS Markit Egypt PMI rose to 51.4 in October 2020 from 50.4 in September. The latest reading marked the second monthly expansion in the sector and the highest reading since December 2014. Output growth strengthened while new orders rose to the fastest pace in over six years, due to higher sales in the domestic market and a strong increase in new export business. Also, a rise in backlogs was seen for the sixth straight month, highlighting further pressure on business capacity. Meanwhile, job numbers fell for the twelfth month in a row. On the price front, input prices inflation accelerated at the fastest pace in 13 months, due to a faster increase in purchasing costs and a strong uptick in salaries. As a result, selling charges rose to the fastest pace since August 2019. Business sentiment declined to the weakest since May, as firms raised concerns of a second wave of COVID-19 cases in Europe that could translate into higher cases in Egypt and hamper the economic recovery.
2020-11-03
Egypt Non-Oil Private Sector Returns to Growth
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.
2020-10-05

Egypt Non-Oil Private Sector PMI
In Egypt, the Emirates NBD 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.