The IHS Markit Egypt PMI increased to 50.3 in July 2019 from 49.2, signalling the first growth in non-oil private sector since April. Both output and new orders rose for the first time since April, boosted by the introduction of new export contracts. In fact, export sales rose for the first time since last August and at the sharpest pace for over a year-and-a-half, mostly from the Middle East, Africa and Europe. Meanwhile, employment continued to decline, though at a broadly similar pace to that seen in June. On the price front, overall cost inflation was the highest in nine months, mainly due to increased fuel charges after the government cut subsidies that were previously initiated through reform packages. This also caused firms to mark up their selling prices. Finally, sentiment improved from June’s five-month low, as more businesses displayed a positive outlook due to hopes of higher market activity and a fall in the value of the USD Manufacturing PMI in Egypt is reported by Markit Economics.

Manufacturing PMI in Egypt is expected to be 48.70 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 49.00 in 2020, according to our econometric models.

Egypt Non-Oil Private Sector PMI
Forecast Data Chart
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Egypt Business Last Previous Highest Lowest Unit
Manufacturing PMI 50.30 49.20 52.50 37.10 [+]
Industrial Production 5.80 2.70 22.50 -14.50 percent [+]
Industrial Production Mom -1.20 4.90 22.10 -17.10 percent [+]
Manufacturing Production 1.90 0.30 26.60 -19.80 percent [+]
Changes in Inventories 7.00 4.00 7.00 0.00 EGP Billion [+]
Internet Speed 1978.30 2172.06 3983.16 389.43 KBps [+]
IP Addresses 4504838.00 4995464.00 5900856.00 406087.00 IP [+]
Steel Production 725.00 750.00 750.00 48.00 Thousand Tonnes [+]
Ease of Doing Business 120.00 128.00 128.00 106.00 [+]
Competitiveness Index 53.59 53.17 53.59 3.60 Points [+]
Competitiveness Rank 94.00 94.00 119.00 70.00 [+]
Corruption Index 35.00 32.00 37.00 28.00 Points [+]
Corruption Rank 105.00 117.00 118.00 41.00 [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.30 49.20 52.50 37.10 2012 - 2019 Monthly

Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 47.00 Aug/19
France 51.00 Aug/19
Germany 43.60 Aug/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.50 Aug/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 49.90 Aug/19