The IHS Markit Egypt PMI dropped to 48.0 in March 2021 from 49.3 a month earlier. This was the fourth straight monthly contraction in the non-oil private sector and the steepest since June 2020, amid coronavirus disruptions. New business fell for a fourth straight month, output shrank at the sharpest rate since last June, and export sales declined for the first time in three months. At the same time, employment was reduced further, extending the run of job losses to almost 1-1/2 years; while backlogs of works fell for the third month in a row. Buying levels dropped markedly, and firms experienced the worst delay to input deliveries since last June. As for prices, input cost rose the least in nine months, leading to another subdued rise in output prices. Lastly, business expectations strengthened and were almost level with last July's 29-month high, amid optimism surrounding a wider COVID-19 vaccination rollout. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.93 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 April 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.