PMI data
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
