Infograph: Egypt PMI Trend in 2024Source: www.export-egypt.com 8/12/2024, Location: Africa |
|
|
|
|
|
Egypt’s S&P global Purchasing Managers’ Index (PMI) has been tiptoeing around the 50 mark for the past few months with July recording 49.7 down from 49.9 in June.
Egypt’s non-oil companies' sales increased in June for the first time since August 2021, following the stabilization of economic conditions and policies that decreased price pressures and enhanced demand expectations. The graph also shows that the reading was 49.6 in May, which may have been caused by the decrease in input cost inflation that reached a 38-month low; this boosted the Egyptian non-oil private sector. Confidence in the 12-month outlook increased in May, and this rise in expectations promoted companies to raise the staffing rate for the second time. Purchases of inputs decreased to the lowest rate since February 2022, shedding light on the enhanced availability of currency. During the first half of 2024, the PMI dipped from 48.1 in January to 47.1 in February amid the foreign currency crisis, as input volumes and the Suez Canal freight volumes increased. It began to recover in March recording a PMI of 47.6; however, it slightly decreased again in April to reach 47.4 due to difficult market conditions and a decrease in employment. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
