PMI data
The headline PMI dropped to 48.8, down from 49.2 in August, marking its weakest performance in three months
The data pointed to a slowdown in the non-oil private sector, driven largely by reduced demand among non-oil companies.
According to the latest data from the S&P Global Egypt Purchasing Managers’ Index (PMI), a decrease in demand led companies to reduce their activities and purchasing.
Businesses experienced a steady rebound in customer demand, marking the first consecutive improvement in market conditions in more than four years.
Egypt’s private sector is showing signs of stabilization, according to the latest Purchasing Managers’ Index (PMI) data from S&P Global. November’s PMI rose slightly to 49.2, up from 49.0 in October
Egypt’s PMI rose to 50.4 into growth territory in August, breaking an almost three-year streak in which it remained under 50.0 – which signals deterioration in economic conditions – since November 2020.
Compared to April’s 47.4, the country’s PMI for May showed a solid trajectory towards growth, barely under the 50 threshold for growth
While downturns in output and new business were observed across various sectors, wholesale and retail companies were particularly affected, experiencing significant declines
The S&P Global Egypt Purchasing Managers' Index (PMI) revealed a decrease from 49.2 in August to 48.7 in September.
Despite the modest decline since May, inflationary pressures remained below the earlier peaks witnessed in January
The PMI's sub-index for overall input prices fell to 58.7 in April from March's 62.8, and that for purchase prices went down to 59.9 from 64.3
