The S&P Global Egypt PMI fell to 49.7 in July 2024 from 49.9 in June, marking the 44th consecutive period of contraction in the private sector activity. Output fell at faster pace due to declining sales, with some firms also noting increased price pressures. New orders also saw a slight decline amid weak, though improving, domestic demand conditions. Conversely, new export orders rose for the third consecutive month, supported by stronger foreign market demand. At the same time, employment rebounded as firms anticipated that the sales drop would be brief and conditions would soon improve. On prices, input price inflation accelerated to four-month high, driven by higher prices of raw materials, while output costs saw a moderate increase. Lastly, business expectations improved, as non-oil firms anticipated growth in activity over the next twelve months. source: S&P Global
Manufacturing PMI in Egypt decreased to 49.70 points in July from 49.90 points in June of 2024. Manufacturing PMI in Egypt averaged 47.92 points from 2012 until 2024, 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 2024.
Manufacturing PMI in Egypt decreased to 49.70 points in July from 49.90 points in June of 2024. Manufacturing PMI in Egypt is expected to be 51.00 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 48.80 points in 2025 and 51.00 points in 2026, according to our econometric models.