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.