The S&P Global Egypt PMI was up to 46.4 in July 2022 from June's 2-year low of 45.2. That said, the latest result was the 20th straight month of drop in the non-oil private sector, amid persistent headwinds to the economy. Output continued to fall amid weakening new orders, but the rate of drop slowed for the first time since April. Also, buying levels decreased further, down for the 7th-month running. Meantime, employment stabilized, ending a prior 8-month run of job losses, with backlogs of work up for the 2nd month in a row. On prices, there were signs that inflation had begun to soften, with fewer companies reporting a rise in their input cost compared to June, when the pace of inflation hit a near 4-year high. Meanwhile, the rate of charge inflation was still the 2nd-quickest since July 2018, amid rising prices for raw materials, fuel, and foodstuff. Lastly, confidence fell sharply after June's 5-month peak and was one of the weakest on record. 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 August of 2022.

Manufacturing PMI in Egypt is expected to be 46.70 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 50.00 points in 2023 and 51.00 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 46.40 45.20 points Jul 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
46.40 45.20 52.50 29.70 2012 - 2022 points Monthly
SA

News Stream
Egypt Non-Oil Private Sector Shrinks at Softer Pace
The S&P Global Egypt PMI was up to 46.4 in July 2022 from June's 2-year low of 45.2. That said, the latest result was the 20th straight month of drop in the non-oil private sector, amid persistent headwinds to the economy. Output continued to fall amid weakening new orders, but the rate of drop slowed for the first time since April. Also, buying levels decreased further, down for the 7th-month running. Meantime, employment stabilized, ending a prior 8-month run of job losses, with backlogs of work up for the 2nd month in a row. On prices, there were signs that inflation had begun to soften, with fewer companies reporting a rise in their input cost compared to June, when the pace of inflation hit a near 4-year high. Meanwhile, the rate of charge inflation was still the 2nd-quickest since July 2018, amid rising prices for raw materials, fuel, and foodstuff. Lastly, confidence fell sharply after June's 5-month peak and was one of the weakest on record.
2022-08-03
Egypt Non-Oil Private Sector Shrinks the Most in 2 Years
The S&P Global Egypt PMI dropped to 45.2 in June 2022 from 47.0 in May. This was the 19th straight month of drop in the private sector and the steepest pace in two years, amid the strongest deterioration in economic conditions since Q2 of 2020. Both output and new orders fell the most since Q2 2020, linked to rising inflation and tightening monetary policy. Also, buying levels dropped at the fastest rate since April 2020; while staffing capacity was also lowered, albeit at a modest pace that was the slowest recorded since March. On prices, input cost inflation climbed to a near 4-year high, due geopolitical headwinds, surging transport cost, a further devaluation of the pound against the US dollar, and the fastest pace for eight months in staff wages. Subsequently, output charges were raised at the strongest rate since February 2017. Lastly, sentiment was at a 5-month high, on hopes that activity will start to recover from its current slump.
2022-07-06
Egypt Non-Oil Private Sector PMI Little Changed in May
The S&P Global Egypt PMI was at 47.0 in May 2022, compared with 46.9 a month earlier. This was the 18th straight month of drop in private sector activity, with the gauge for output continuing to post below the neutral of 50.0, while new orders fell the most since June 2020. At the same time, employment shrank for the 7th in as many months, and backlogs of work dropped for the fourth month running. Delivery times worsened for the seventh straight month, as input buying continued to fall. On prices, input cost inflation accelerated to the highest print in six months, on the impact of the Ukraine war on commodity prices, as well as increased import costs due to supply shortages and a higher US dollar value. Selling prices, meantime, rose at a faster rate, but the uptick was only modest. Finally, sentiment slipped to the second-lowest on record after having reached an all-time low in March, due to concerns that inflationary pressures will limit business growth.
2022-06-05