The IHS Markit Egypt PMI increased to 48.6 in May 2021 from 47.7 a month earlier. This was the sixth straight month of contraction in the non-oil private sector but the smallest contraction since January, amid the prolonged impact of COVID-19 disruptions. Output continued to fall, but contraction eased to three-month low. At the same time, new order inflows decreased for the sixth month in a row but to the least extent since February. Meanwhile, employment continued to decline, with the job shedding eased from the start of the second quarter, however. Prices data showed input costs rose at the second quickest pace since September 2019, following April's recent peak, while selling charges increased only modestly. Finally, the degree of optimism strengthened to the highest since February 2018. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.92 points from 2012 until 2021, 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 June of 2021.
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 48.70 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 and 51.00 points in 2023, according to our econometric models.