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.