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.