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.



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S&P Global PMI 49.70 49.90 points Jul 2024

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
49.70 49.90 52.50 29.70 2012 - 2024 points Monthly
SA


News Stream
Egypt Non-Oil Private Sector PMI Remains Subdued
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.
2024-08-05
Egypt Non-Oil Private Sector PMI Inches Closer to Stabilization
The S&P Global Egypt PMI edged up to 49.9 in June 2024 from 49.6 in May, marking its highest level in three years. New orders grew for the first time since August 2021 and export orders increased to the strongest level in 2-1/2 years, buoyed by improving conditions in both domestic and international markets. Of the sectors covered, manufacturing and services saw a rise in new orders, while declines were seen in the construction and wholesale & retail sectors. At the same time, output dropped at the softest rate in nearly three years, while purchases of inputs rose for the first time since December 2021. Employment numbers across the Egyptian non-oil economy were relatively stable in June. Moreover, input cost inflation remained soft despite accelerating to a three-month high, leading to another modest rise in selling charges. However, confidence in future activity dipped to a record low, as firms remained uncertain about economic prospects following recent financial volatility.
2024-07-04
Egypt Non-Oil Private Sector PMI at 33-Month High
The S&P Global Egypt PMI increased to 49.6 in May 2024 from 47.4 in April, pointing to its highest level in nearly three years and close to reaching growth territory. The move towards stability was widely linked to the rapid cooling of inflationary pressures. Input cost inflation slowed to 38-month low in May, reflecting a sustained positive impact from improved currency availability. New orders fell at the slowest pace since September 2021, while new export orders increased for the second time in three months amid rising foreign demand. Business activity dropped at the softest rate since last July, as declines in manufacturing and wholesale and retail sectors were offset by expansions in services and construction sectors. Moreover, employment rose for the second time in three months, while purchases of inputs fell at the slowest rate since February 2022. Lastly, confidence towards the 12-month outlook ticked higher, as firms' hopes that economic conditions will strengthen grew.
2024-06-04