The Emirates NBD Egypt PMI dropped to 48.5 in January 2019 from 49.6 in the previous month. It marked the fifth straight month of contraction in non-oil private sector and the lowest PMI reading since December 2017. Output contracted the most in 13 months, amid generally poor market conditions and adverse weather. Also, declines were seen in new orders, new export orders and employment. Meanwhile, backlogs of work were unchanged, following rises during the previous six months. At the same time, buying activity grew the most in 12 months, with some firms noting that lower raw material prices led to increased buying levels. On the price front, input price inflation moderated to a record low for the series, due to falling oil and raw material prices. As a result, selling charges fell for the first time in three years. Lastly, sentiment waned to the lowest since October 2016 with a lack of exports and global uncertainty among the biggest concerns. Manufacturing PMI in Egypt is reported by Markit Economics.

Manufacturing PMI in Egypt is expected to be 51.00 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 51.70 in 12 months time. In the long-term, the Egypt Non-Oil Private Sector PMI is projected to trend around 50.50 in 2020, according to our econometric models.

Egypt Non-Oil Private Sector PMI
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Egypt Business Last Previous Highest Lowest Unit
Manufacturing PMI 48.50 49.60 52.50 37.10 [+]
Industrial Production -1.90 -1.60 22.50 -14.50 percent [+]
Industrial Production Mom -5.10 -1.30 22.10 -17.10 percent [+]
Manufacturing Production 3.30 7.50 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 670.19 705.00 727.44 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.50 49.60 52.50 37.10 2012 - 2019 Monthly

Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19