The IHS Markit Egypt PMI increased to 44.6 in June 2020 from 40 in May. This was the eleventh straight month of contraction in the non-oil private sector but the softest since February, as parts of the economy restarted following restrictions. Output and new orders rose to four-month highs. Employment declined for the 8th month running, with the rate of job shedding quickening to a near four-year high. Alongside this, businesses reduced workers' salaries for the third month in a row. At the same time, backlogs increased for the second consecutive month, and at a record pace. On the price front, input costs rose sharply, due to an increase in prices for medical materials and a falling exchange rate. Meanwhile, output charges continued to fall in an effort to attract new customers and improve sales. Business sentiment improved and was the highest seen in 2020, amid the loosening lockdown restrictions.

Manufacturing PMI in Egypt averaged 47.78 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 July of 2020. source: Markit Economics

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 50.00 in 12 months time. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 49.00 points in 2021 and 49.60 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
44.60 40.70 52.50 29.70 2012 - 2020 points Monthly
SA


News Stream
Egypt Non-Oil Private Sector Shrinks the Least in 4 Months
The IHS Markit Egypt PMI increased to 44.6 in June 2020 from 40 in May. This was the eleventh straight month of contraction in the non-oil private sector but the softest since February, as parts of the economy restarted following restrictions. Output and new orders rose to four-month highs. Employment declined for the 8th month running, with the rate of job shedding quickening to a near four-year high. Alongside this, businesses reduced workers' salaries for the third month in a row. At the same time, backlogs increased for the second consecutive month, and at a record pace. On the price front, input costs rose sharply, due to an increase in prices for medical materials and a falling exchange rate. Meanwhile, output charges continued to fall in an effort to attract new customers and improve sales. Business sentiment improved and was the highest seen in 2020, amid the loosening lockdown restrictions.
2020-07-06
Egypt Non-Oil Private Sector PMI Second-Lowest on Record
The IHS Markit Egypt PMI rose to 40.7 in May 2020 from a record low of 29.7 in April. This was the tenth straight month of contraction in the non-oil private sector and the second-fastest in that sequence, as parts of the economy restarted following restrictions. Output and new orders fell at a softer pace compared to April's record lows, helped by a slower decline in exports. Employment declined for the 7th month running and at the sharpest rate since January 2017. Alongside this, businesses often reduced workers' salaries, leading to a solid drop in wage costs that was the most marked since the series began in April 2011. On the price front, input costs dropped for the first time since the series began in 2011. Meanwhile, output charges fell for the 7th month in a row. Business sentiment deteriorated slightly, amid concerns that virus cases continued to rise, while also noting greater tensions between the US and China and the potential impact on exports.
2020-06-03
Egypt Non-Oil Private Sector Shrinks at Record Pace
The IHS Markit Egypt PMI tumbled to 29.7 in April 2020 from 44.2 in March. This was the ninth straight month of contraction in the non-oil private sector and marking the lowest figure on record since the series began in April 2011, amid severe damage caused by the coronavirus pandemic, mainly in tourism and exports. New orders fell at the fastest rate ever seen in the series, and output fell at a record pace. Also, employment dropped at the fastest rate in over three years. On the price front, input costs rose at the softest pace ever seen in the survey, due to lower fuel prices. Meanwhile, output charges dropped for the sixth month in a row, as firms reported efforts to improve new business volumes. Finally, sentiment improved slightly, with businesses generally confident that the economy would open up soon, predicting activity to rise in the coming year.
2020-05-05
Egypt Non-Oil Private Sector PMI Lowest in Over 3 Years
The IHS Markit Egypt PMI dropped markedly to 44.2 in March 2020 from 47.1 in February. This was the eighth straight month of contraction in the non-oil private sector and the steepest since January 2017, amid severe damage caused by the coronavirus pandemic, mainly in tourism activity as many countries closed borders and reduced flight travel. Output fell the most in over three years, new orders shrank markedly, and export sales declined at the fastest rate in over seven years. Also, employment dropped further; while input purchases fell at the steepest rate in more than three years. At the same time, backlogs of works fell for the first time in 12 months; and vendor performance deteriorated the most in 19 months, linked to travel disruption from the pandemic and earlier Chinese factory closures. On the price front, input cost inflation remained subdued, with output prices falling less. Finally, sentiment hit its lowest in the survey history.
2020-04-05

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.