{"id":553427,"date":"2021-12-02T03:58:16","date_gmt":"2021-12-02T03:58:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/my-morning-routine-david-owen-economist-at-ihs-markit\/"},"modified":"2021-12-02T03:58:16","modified_gmt":"2021-12-02T03:58:16","slug":"my-morning-routine-david-owen-economist-at-ihs-markit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/my-morning-routine-david-owen-economist-at-ihs-markit\/","title":{"rendered":"My Morning Routine: David Owen, economist at IHS Markit"},"content":{"rendered":"

<\/a> Meet the guy who makes the Egypt PMI:<\/strong> Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is David Owen, economist at IHS Markit (Linkedin<\/a>). Edited excerpts from our conversation:<\/p>\n

I\u2019m David, and I\u2019m an economist at <\/strong>IHS Markit<\/a><\/strong>.<\/strong> From where I live in the UK, I cover the PMIs \u2014 the purchasing managers\u2019 index \u2014 for a number of regions. I studied economics at the undergraduate level at the University of Bath and then again for my Masters degree at the University of Birmingham.<\/p>\n

As part of the PMI team, we cover business surveys across the world.<\/strong> I\u2019m involved in all parts of that, so I cover Egypt and many other countries across the Middle East and Africa, as well as the UK. I also work on combining all of our data into different global indices.<\/p>\n

Every month, I search through the data and look for the next exciting insight.<\/strong> It really covers a wide range of information, so you get to see the economy from a global perspective, and get to see what the next emerging trend is.<\/p>\n

I\u2019ve been covering Egypt\u2019s PMI for four years, ever since I joined the PMI team.<\/strong> The Egypt PMI is often quite a complicated one \u2014 you really need to get behind the headline number and look at the sub-indices to tell the whole story, after which it then gives a lot of rich detail on the economy's performance.<\/p>\n

I always start my day<\/strong> with a good breakfast [laughs]<\/strong>; a nice big pot of cereal and a piece of toast as well. I\u2019ve got a fairly simple morning routine. I\u2019ll try to do a little bit of reading sometimes. Generally, the Bible, but it might also be a novel or something else. I\u2019m usually out of the door very quickly to head to the office. We\u2019ve been working from the office for the past few months and I love working in the office, so I\u2019m always looking forward to getting there and seeing people.<\/p>\n

We worked from home for about 18 months during the pandemic.<\/strong> It was a very long period and it very much turned the job on its head. Working on your own and not as collaboratively as before really called for a different way of working and thinking and trying to develop our products, which was harder in a way when working from home. It\u2019s definitely easier to get distracted by the next news item or something like that when working from home, and not having that \u201cpeer pressure\u201d makes it a very different environment.<\/p>\n

I\u2019ve found that since getting back, ideas flourish a lot better and we get more work in as a team in the office. <\/strong>We have a flexible model at our office and I very much just want to get to the office and see people. I\u2019m working from home as we speak because it\u2019s easier for calls and Zoom meetings, but most of the time I like to be physically there.<\/p>\n

I get my news from the Financial Times, BBC, and I look out for news from Egypt and the Middle East.<\/strong> They keep me away from work sometimes [laughs], especially at the height of covid-19, it was like, \u201coh what\u2019s going on now, what\u2019s changed.\u201d I\u2019m sure what\u2019s happening now with Omicron is going to affect the PMI as well, so we\u2019re back in the hot seat of seeing the first real data of how it\u2019s going to affect activity.<\/p>\n

If we\u2019re running surveys, we\u2019ll be going through the data to start the day. <\/strong>Then, either I or another economist will pour over it and search for the most interesting insights. Then, we\u2019ll draft up our reports, looking over what we did the day before. The focus is mostly on getting the report done.<\/p>\n

If we\u2019re past the start of the month, we\u2019re spending the day working out ways that we can develop our product to expand into different places or sectors<\/strong>, and new ways of looking at the PMI. It often ends up being a half-and-half structure, so half of the month we\u2019ll be head down, typing up the reports, and the other half is a bit more creative. And we have a table tennis table in our office. If we\u2019re not head down, then I\u2019ll be challenging my colleagues to a game.<\/p>\n

I enjoy the PMIs, and there\u2019s definitely new things coming that I\u2019m excited about. <\/strong>I\u2019ll be working on developing some of the new data I\u2019ve been creating recently. I\u2019ve been looking at how we can harness the qualitative data into new indices, and I\u2019m still working on ways that the data can be developed and improved upon.<\/p>\n

I\u2019m a classic 9-5 person.<\/strong> I really value the time off that I have and my work-life balance. And I try to maintain that whilst working from home as well. I always like to end my day with a run, so I try to finish in time to do that. Then I like to just cook some dinner and have some time to relax, especially while working from home, because otherwise I\u2019d be spending numerous hours at the laptop, and not really getting away from it. So I always make time to get away for a little break during the day and make sure I end the day well. Very traditional, I guess.<\/p>\n

I\u2019m a massive advocate for the cinema, so I\u2019m down to go to the cinema at least once a week.<\/strong> I went to watch a film this last weekend called King Richard, which is about the father of Serena and Venus Williams, and it was a very interesting biopic, very inspirational. I would recommend that. But in general, films are my go-to place to relax, and just escape I guess to another world. It\u2019s cinema over TV for me.<\/p>\n

You know the phrase \u201cyou have to be able to walk before you run\u201d? Someone last week told me, \u201cyou have to run before you can walk.\u201d<\/strong> Sometimes, you think you\u2019re not as good as something that you are, but you can grow faster than you think. That was really interesting.<\/p>\n

I think I\u2019ve found more value in community since the pandemic, in having rapport with people.<\/strong> It\u2019s important to build connections with colleagues and friends, and really keep that strong. When we were at the peak of the pandemic, I felt the need to go out and strengthen my close connections. And also just to enjoy the present.<\/p>\n","protected":false},"excerpt":{"rendered":"

Meet the guy who makes the Egypt PMI: Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is David Owen, economist at IHS Markit (Linkedin). Edited excerpts from […]<\/p>\n","protected":false},"author":1,"featured_media":553428,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7156],"tags":[818,72,387,185],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-my-morning-routine","tag-david-owen","tag-enterpriseam","tag-my-morning-routine","tag-pmi","wpautop","entry"],"acf":{"mongo_id":"bae3738e-2a55-4d28-87ee-7289e160fc9e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/212.png","photo_position":"above","related_issue":[553401],"teaser":"","voice_url":""},"yoast_head":"\nMy Morning Routine: David Owen, economist at IHS Markit - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/my-morning-routine-david-owen-economist-at-ihs-markit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My Morning Routine: David Owen, economist at IHS Markit\" \/>\n<meta property=\"og:description\" content=\"Meet the guy who makes the Egypt PMI: Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. 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The PMI gauge remained above the 50.0 mark which separates expansion from contraction for the third\u2026","rel":"","context":"In "SENTIMENT"","block_context":{"text":"SENTIMENT","link":"https:\/\/enterpriseam.com\/egypt\/category\/sentiment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/88.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575196,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/egypts-private-sector-recovery-gets-back-on-track-in-september\/","url_meta":{"origin":553427,"position":2},"title":"Egypt\u2019s private sector recovery gets back on track in September","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"Egypt\u2019s non-oil private sector expanded for the first time in 14 months in September on the back of a rise in consumer demand and strengthened business activity, according to IHS Markit PMI figures (pdf). The gauge rose to 50.4 from 49.4 in August, indicating the first month of economic expansion\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/55.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574293,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/private-sector-recovery-stalls-in-august\/","url_meta":{"origin":553427,"position":3},"title":"Private sector recovery stalls in August","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"The recovery of Egypt\u2019s non-oil private sector stalled in August despite growth in output and demand, according to IHS Markit PMI figures(pdf). The index had reached a one-year high of 49.6 in July as business conditions rebounded following the covid-19 lockdown but fell back fractionally to 49.4 last month amid\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/66.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544469,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/pmi-says-youre-not-optimistic-but-our-survey-said-you-are\/","url_meta":{"origin":553427,"position":4},"title":"PMI says you\u2019re not optimistic, but our survey said you are\u2026","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"Non-oil business activity in Egypt saw a \u201csolid decline\u201d in February as inflationary pressures continued to impact business confidence and demand, according to IHS Markit\u2019s purchasing managers\u2019 index (PMI) survey (pdf). The contraction eased slightly to 48.1 from 47.9 in January but concerns about economic conditions sent confidence levels to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/54.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594685,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/","url_meta":{"origin":553427,"position":5},"title":"Egypt\u2019s non-oil business activity shrinks again in August","author":"enterpriseam admin","date":"4 September 2019","format":false,"excerpt":"Non-oil business activity shrinks again in August: Falling output caused activity in Egypt\u2019s non-oil private sector to contract in August after a month of expansion in July, according to the Markit\/Emirates NBD purchasing managers\u2019 index (PMI) (pdf). The PMI gauge fell to 49.4 in August from 50.3 in July, indicating\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/3005.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=553427"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553427\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553428"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553427"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553427"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}