Egypt Manufacturing PMI

Last Release

Jul 31, 2024

Actual

49.7

Units In

Points

49.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
52.5 Nov 2013	29.7 Apr 2020	47.93 Points	2012-2024	Markit Economics

In Egypt, the Emirates NBD 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.

Latest Updates

The S&P Global Egypt PMI edged up to 49.0 in October 2024 from 48.8 in the previous month, marking a second consecutive month of contraction and indicating a deterioration in the private sector activity. Output and new orders continued to decline amid weak market conditions, especially in the construction sector. Meanwhile, employment grew for the fourth month, with job creation reaching its fastest pace since May. Inventory levels also rose as firms built stocks in response to ongoing cost concerns, although input purchases declined for the first time in three months. Regarding prices, input cost inflation eased from September's six-month high, though selling prices remained high due to currency and material cost pressures. Finally, non-oil companies expected a rise in business activity over the next 12 months, though confidence was weak, with the index near a historic low.