Pharos expects PMI reading to break above 50-point mark before end of 2019
Latest in Highlight
According to the PMI, the average of 49.4 over the second quarter (Q2) of 2019 was the strongest since Q3 last year, and was noticeably better than the long-run series average of 48.4.
Bank maintains outlook that conditions will improve as GDP growth bolsters demand
State’s non-oil private sector activity recorded 49.9 in March
GDP to expand 5.3%, fiscal deficit narrowing to 8.4% in FY 2019, EGP 18.2 per USD in CY 2019
The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt’s non-oil private sector fell from 49.6 in December to 48.5 in January, the lowest level since December 2017. There were nevertheless some promising data in the sub-components that could presage an improvement in the Egyptian economy in the coming months, according to Daniel Richards, MENA economist …
State’s non-oil private sector activity declined to 48.5 in January down from 49.6 in December: NBD PMI
Inflation rates for input prices, staff costs, charges’ ease, confidence the 12-month outlook improved, private sector employment remained unchanged
Stronger GDP growth in 2018/19 supported by monetary policy normalisation, political stability, tourism recovery
Companies surveyed expressed optimism that economy would improve over next year
Sharper contractions in output and new orders
Sharp, albeit slower, contractions in output and new orders
PMI posted below the crucial mark of 50.0 for the 16th month straight
FocusEconomics forecasts 5.2% increase in total investments in FY 2016/2017
New report finds that downturn in Egypt’s business activity is still linked to inflation increase, foreign currency crisis, and introduction of VAT
Rate of contraction in private sector sharpened on the back of steep price increases, as global data points to stagnation
Employment rose for first time since April 2012, yet job creation remains modest
Reuters – Business activity in Egypt shrank for the third month in a row in May, a poll showed on Tuesday, in a sign the economy remains fragile as former army chief Abdel Fattah Al-Sisi is set to become the country’s next president. Egypt’s economy has been hit by more than three years of political and …
Reuters – Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across Europe eased back on the throttle in March while China’s vast manufacturing industry contracted for the third …
China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
Demand from foreign markets is rising, but output and new orders are declining
HSBC says activity rising at sharpest rate in survey history
Output of private non-oil companies increased significantly in November.