{"id":594685,"date":"2019-09-04T03:56:24","date_gmt":"2019-09-04T03:56:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/"},"modified":"2019-09-04T03:56:24","modified_gmt":"2019-09-04T03:56:24","slug":"egypts-non-oil-business-activity-shrinks-again-in-august","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/","title":{"rendered":"Egypt\u2019s non-oil business activity shrinks again in August"},"content":{"rendered":"

<\/a> Non-oil business activity shrinks again in August:<\/b> 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)<\/a>. The PMI gauge fell to 49.4 in August from 50.3 in July<\/a>, indicating a slight slowdown in the sector. This means that private sector activity has grown in just two months over the past year. A reading above 50.0 indicates that activity is expanding, while a reading below means it is contracting.<\/p>\n

Blame weaker domestic demand:<\/b> \u201cThe decline was due to a drop in sales which, whilst down for the third time in four months, was the weakest fall seen in this period,\u201d David Owen, economist at IHS Markit, said. Export orders rose for the second consecutive month in August, indicating that the slowdown in sales was caused by weaker domestic demand.<\/p>\n

Subsidy cuts cause \u201cmild\u201d rise in input costs:<\/b> Businesses experienced higher input costs last month, as the government\u2019s latest round of fuel subsidy cuts<\/a> pushed up fuel prices by 16-30%. This caused output prices to rise at the fastest rate in a year, and prompted businesses to stockpile more inputs. Despite this, Owen described the price inflation as \u201cmild\u201d and said that it would \u201csoon\u201d ease.<\/p>\n

Business sentiment at 18-month high:<\/b> Business optimism over future growth prospects hit its highest level since February 2018, with a majority of respondents expecting growth over the coming 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 a slight slowdown in the […]<\/p>\n","protected":false},"author":1,"featured_media":594686,"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":[8572],"tags":[104,1060,72,819,182,185,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economy","tag-emirates-nbd","tag-enterpriseam","tag-fuel","tag-inflation","tag-pmi","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1089335a-f7cd-46be-8978-5d36a4f66578","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/9\/3005.jpg","photo_position":"above","related_issue":[594680],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s non-oil business activity shrinks again in August - 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\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s non-oil business activity shrinks again in August\" \/>\n<meta property=\"og:description\" content=\"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 a slight slowdown in the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-04T03:56:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/3005.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s non-oil business activity shrinks again in August\",\"datePublished\":\"2019-09-04T03:56:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/9\/3005.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"Emirates NBD\",\"EnterpriseAM\",\"fuel\",\"inflation\",\"PMI\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/\",\"name\":\"Egypt\u2019s non-oil business activity shrinks again in August - 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The\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\/10\/1525.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598867,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/egypts-non-oil-business-activity-falls-back-into-contraction-territory-in-may\/","url_meta":{"origin":594685,"position":1},"title":"Egypt\u2019s non-oil business activity falls back into contraction territory in May","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Non-oil business activity fell back into contraction territory in May: Non-oil business activity contracted in May after having expanded the previous month for the first time since August 2018. The latest purchasing managers\u2019 index fell to 48.2, down from 50.8 in April, signalling \"a moderate deterioration in the health of\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\/6\/1122.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591372,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-non-oil-business-activity-hits-two-year-lows-in-november\/","url_meta":{"origin":594685,"position":2},"title":"Egypt\u2019s non-oil business activity hits two-year lows in November","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"November was a month to forget for the non-oil private sector, the PMI suggests: Non-oil private sector business activity hit two-year lows in November as output, new orders, and employment fell, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (pdf). The gauge fell for the fourth consecutive month\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\/12\/1837.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592772,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypts-non-oil-business-activity-falls-slightly-in-october-but-sentiment-is-up\/","url_meta":{"origin":594685,"position":3},"title":"Egypt\u2019s non-oil business activity falls slightly in October, but sentiment is up","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"Non-oil business activity falls slightly in October, but sentiment is showing strong improvement: Egypt\u2019s non-oil private sector remained in contraction territory in October, with output and new orders falling moderately, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (PMI) (pdf). The PMI gauge dipped marginally to 49.2 in\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\/11\/1027.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597817,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/egypts-non-oil-business-activity-expands-for-the-first-time-in-eight-months\/","url_meta":{"origin":594685,"position":4},"title":"Egypt\u2019s non-oil business activity expands for the first time in eight months","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Non-oil business activity expanded for the first time in eight months in April, driven by a rise in domestic orders, according to the Markit \/ Emirates NBD PMI gauge (pdf). The latest purchasing managers\u2019 index hit 50.8 in April up from 49.9 in March \u2014 the largest monthly increase since\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\/5\/1730.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622548,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/marginal-deterioration-in-operating-conditions-at-non-oil-private-sector-companies-pmi\/","url_meta":{"origin":594685,"position":5},"title":"\u201cMarginal deterioration\u201d in operating conditions at non-oil private sector companies -PMI","author":"enterpriseam admin","date":"4 October 2018","format":false,"excerpt":"\u201cMarginal deterioration\u201d in operating conditions at non-oil private sector companies -PMI: Business conditions for the private sector deteriorated slightly in September after posting gains in both July and August, according to the latest Emirates NBD purchasing managers index reading (pdf). 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