The S&P Global Egypt PMI ticked up to 47.7 in October 2022 from 47.6 in September, stretching the current sequence of deterioration to near two years, amid the impact of the war in Ukraine, particularly in the tourism sector, and the government's import ban since March in a bid to conserve US dollar reserves. New orders shrank the least in eight months while both output and foreign orders continued to fall. Also, buying levels declined further, and firms reduced their staffing numbers for the first time since June with some companies citing layoffs due to weak sales. Meantime, delivery times improved for the first time in a year, amid signs of stabilization following the impact of the war. On prices, input cost inflation slowed for the third time in four months, but stayed above the series trend; while output charges went up less than seen for input costs. Finally, sentiment hit a record low, on the deteriorating local and global environment. source: Markit Economics

Manufacturing PMI in Egypt averaged 47.92 points from 2012 until 2022, 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 November of 2022.

Manufacturing PMI in Egypt is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 50.00 points in 2023 and 50.70 points in 2024, according to our econometric models.

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Egypt Non-Oil Private Sector PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.70 47.60 points Oct 2022

Egypt Non-Oil Private Sector PMI
In Egypt, The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
47.70 47.60 52.50 29.70 2012 - 2022 points Monthly
SA

News Stream
Egypt Private Sector Shrinks for 22nd Month
The S&P Global Egypt PMI ticked up to 47.7 in October 2022 from 47.6 in September, stretching the current sequence of deterioration to near two years, amid the impact of the war in Ukraine, particularly in the tourism sector, and the government's import ban since March in a bid to conserve US dollar reserves. New orders shrank the least in eight months while both output and foreign orders continued to fall. Also, buying levels declined further, and firms reduced their staffing numbers for the first time since June with some companies citing layoffs due to weak sales. Meantime, delivery times improved for the first time in a year, amid signs of stabilization following the impact of the war. On prices, input cost inflation slowed for the third time in four months, but stayed above the series trend; while output charges went up less than seen for input costs. Finally, sentiment hit a record low, on the deteriorating local and global environment.
2022-11-03
Egypt Non-Oil Private Sector Shrinks for 22nd Month
The S&P Global Egypt PMI stood at 47.6 in September 2022, unchanged from August's seven-month high. Still, this was the 22nd straight month of contraction in the non-oil private sector, amid lingering geopolitical tensions and surging inflation with energy rationing, part shortages and weak demand weighing on output. Meantime, new orders fell solidly, but at the weakest rate for seven months; export sales dropped the most in over two years; while firms scaled back on their purchasing activity. Headcounts rose for the third month in succession with the rate of increase easing slightly, while backlogs went up fractionally. Lead times lengthened in each month since November 2021. On prices, input cost inflation hit a three-month high, due to high prices of energy, material, and wage expenses. Output price inflation, meantime, was sharp faster than the long-run series average. Lastly, sentiment was still far below the long-run trend level and among the weakest in the series' history.
2022-10-04
Egypt Non-Oil Private Sector Shrinks at Softer Pace
The S&P Global Egypt PMI was up to 47.6 in August 2022 from 46.4 in the prior month. This was the highest reading since January despite staying in the negative territory for the 21st straight month, with output and new orders indices edging higher for the second straight month from June's recent lows. Meantime, firms continued to see a worsening in client demand due to rapid inflation, export sales fell after rising for the first time in six months in July, and buying levels shrank for the 8th month running. In contrast, employment grew the most since October 2019 amid a stabilization in backlogs after two successive rises. On inflation, input cost rose much softer for the second month running, partly due to the first drop in five months for wage costs. In turn, prices charged went up at a slower rate, with the uptick still solid and faster than the series trend. Lastly, sentiment was relatively downbeat weak market conditions, high inflation, and sustained supply problems.
2022-09-05