Egypt's non-oil private sector activity slows down to 47.4

Thu, 09 May 2024 - 11:14 GMT

The increased availability of foreign currency, coupled with hopes of exchange rate stability, lower prices, and improved material availability, boosted confidence among non-oil firms regarding the year-ahead outlook for activity

Egypt’s PMI increases to 47.6 in March: S&P Global

Wed, 03 Apr 2024 - 12:24 GMT

The March PMI survey indicated that recent measures taken to address Egypt's currency crisis, such as raising interest rates and floating the Egyptian pound, provided some relief in terms of price pressures

Egypt's PMI slips to 11-month low as Suez Canal disruptions impact economy

Tue, 05 Mar 2024 - 11:53 GMT

The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy

Egypt’s PMI drops to 48.1 in January as prices rise and sales fall

Mon, 05 Feb 2024 - 11:49 GMT

S&P attributed the drop to falling sales volumes and rising price pressures, leading to the 38th consecutive month in which Egypt’s non-oil private sector activity narrowed

S&P gives slight bump to Egypt’s PMI for final month of 2023 to 48.5

Thu, 04 Jan 2024 - 12:14 GMT

According to S&P, the latest data displays a modest deterioration that was softer than the average seen over the past year (47.9). Egypt received its highest index rating of 49.2 in July, breaking its previous record from August 2021

Egypt maintains PMI recorded at 49.2 in August, shows signs of recovering market

Tue, 05 Sep 2023 - 12:26 GMT

In August, output declined modestly, driven by price pressures that constrained capacity

Non-oil businesses’ outlook remains subdued despite June’s 22-month high in PMI

Wed, 05 Jul 2023 - 01:20 GMT

Despite the modest decline since May, inflationary pressures remained below the earlier peaks witnessed in January

Egypt's PMI hits 46.9 in February

Sun, 05 Mar 2023 - 02:25 GMT

According to S&P Global data, the index was up from 45.5 in January to signal a softer downturn.

Egypt's PMI shrinks to 45.5 in January as EGP falls

Sun, 05 Feb 2023 - 04:12 GMT

According to S&P Global data, the reading indicated a sharp deterioration in the health of the non-oil sector that was one of the quickest seen in the current 26-month sequence of decline.

Egypt's PMI records 2nd lowest level in 29 months

Mon, 05 Dec 2022 - 04:21 GMT

The main reason for the recession was the rapid decline in business activity, with companies participating in the study reporting that rapidly rising costs and declining new orders forced them to cut production.

Egypt's PMI stabilizes at 47.6 during September

Tue, 04 Oct 2022 - 02:31 GMT

The index signaled a solid deterioration in business conditions, albeit one that was the joint-weakest for seven months, it revealed.

Egypt's PMI records highest reading since February 2022

Mon, 05 Sep 2022 - 02:16 GMT

The PMI for the activity of the non-oil private sector increased from 46.4 points in July to 47.6 points in August.

Egypt's PMI records 46.4 in July

Wed, 03 Aug 2022 - 02:32 GMT

The results of the index revealed that the Egyptian non-oil businesses continued to register a decline in new order intakes at the start of the third quarter.

Egypt's PMI records 45.2 in June, records worst slump in business conditions for two years

Wed, 06 Jul 2022 - 04:30 GMT

It clarified that businesses saw demand slump in the face of sharply rising prices, a devalued pound and material shortfalls.

Egypt's PMI records 46.9 in April

Sun, 08 May 2022 - 09:39 GMT

It noted that the index signaled a solid deterioration in business conditions that was the second-fastest since June 2020.

Egypt's PMI records 46.5 in March

Tue, 05 Apr 2022 - 02:56 GMT

It noted that the latest reading indicated a solid decline in the health of the non-oil economy that was the sharpest recorded since June 2020.

Egypt's PMI records 48.1 in February

Thu, 03 Mar 2022 - 03:30 GMT

The index came below the 50.0 neutral mark for the fifteenth month running and only fractionally higher than January's nine-month low of 47.9.

Egypt's PMI records 49 in December

Tue, 04 Jan 2022 - 01:51 GMT

The index moved closer to the 50.0 neutral threshold and was above its long-run series average of 48.2 (since April 2011).

Egypt's PMI stabilizes at 48.7 in November

Sun, 05 Dec 2021 - 01:51 GMT

A sharp rise in business costs continued to drive higher selling prices and lower demand across the Egyptian non-oil economy during November. New business fell at the quickest pace for six months, leading to a decrease in output as well as renewed cuts in employment and purchasing. Subsequently, expectations for future output fell to their weakest in a year.

Egypt's PMI inches down to 48.7 in October

Wed, 03 Nov 2021 - 01:27 GMT

The Egyptian non-oil private sector faced a widening of the supply chain crisis in October, as a lack of inputs led to a solid contraction in output and the sharpest increases in both costs and charges for just over three years.