The IHS Markit Egypt PMI was down to a five-month low of 48.7 in October 2021 from 46.9 in the previous month, amid a widening of the supply chain crisis. A lack of inputs led to a solid contraction in output and the sharpest increases in both costs and charges for just over three years. Meantime, export sales fell the most in 17 months on the back of a marginal drop in new orders as many firms continued to report an improvement in sales, particularly in tourism hotspots. On the positive side, employment numbers picked up to the greatest extent in two years. Despite this, backlogs of work increased for the third time in four months, on input shortages. Finally, confidence weakened substantially after climbing to a record high in September, due to concerns that high inflation could lead to a slump in demand and reverse the economic recovery. source: Markit Economics
Manufacturing PMI in Egypt averaged 47.99 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 December of 2021.
Manufacturing PMI in Egypt is expected to be 50.70 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 50.50 points in 2022 and 51.00 points in 2023, according to our econometric models.