{"id":601642,"date":"2019-03-06T03:55:39","date_gmt":"2019-03-06T03:55:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/egypts-non-oil-business-activity-falls-to-17-month-low-pmi\/"},"modified":"2019-03-06T03:55:39","modified_gmt":"2019-03-06T03:55:39","slug":"egypts-non-oil-business-activity-falls-to-17-month-low-pmi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/egypts-non-oil-business-activity-falls-to-17-month-low-pmi\/","title":{"rendered":"Egypt\u2019s non-oil business activity falls to 17-month low: PMI"},"content":{"rendered":"

<\/a> Non-oil business activity falls to 17-month low, sentiment hits 10-month high:<\/b> The Egypt purchasing managers\u2019 index (PMI) contracted for the sixth consecutive month in February to reach a 17-month low, according to Markit \/ Emirates NBD data<\/a>. The index fell to 48.2 last month from 48.5 in January, \u201csignalling a moderate deterioration in the health of the non-oil private sector economy.\u201d Companies surveyed in the index attributed the decline to low sales, bad weather, and a lack of liquidity. February\u2019s reading is \u201csubstantially weaker than the 2018 average of 49.5 ... and while we continue to expect an improvement in conditions over the course of 2019, Egyptian firms clearly remain under pressure,\u201d Daniel Richards, MENA economist at Emirates NBD, said.<\/p>\n

Weakening market conditions and a drop in exports led to the biggest decline in new orders in 20 months<\/b>, and foreign demand declined at the quickest rate since October 2016. Output also witnessed the largest decline since September 2017. Purchasing activity also fell for the first time in five months, while stock levels remained unchanged.<\/p>\n

Input prices accelerated slightly month-on-month<\/b> as a result of higher costs of transportation, raw materials, electricity, and water. Businesses offered discounts, leading to output prices declining for the second consecutive month.<\/p>\n

Despite all this, business sentiment is at its highest levels in 10 months<\/b>, with \u201c44% of firms expecting conditions to improve in the coming 12 months. Some pointed to planned business development as a key reason underpinning confidence.\u201d<\/p>\n

Egypt is not alone \u2014 global PMI output levels were at a 33-month low<\/b>, according to Markit<\/a>. Worldwide PMI surveys point to a stagnation in global manufacturing levels, with 13 out of 30 countries included in the global survey reporting a decline in manufacturing \u201camid a faster decline of global trade flows. Export sales fell for a sixth straight month, with the rate of decrease accelerating.\u201d Falling export orders were also reported by nearly two-thirds of the countries in the survey.<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-oil business activity falls to 17-month low, sentiment hits 10-month high: The Egypt purchasing managers\u2019 index (PMI) contracted for the sixth consecutive month in February to reach a 17-month low, according to Markit \/ Emirates NBD data. The index fell to 48.2 last month from 48.5 in January, \u201csignalling a moderate deterioration in the health […]<\/p>\n","protected":false},"author":1,"featured_media":601643,"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":[104,72,185,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economy","tag-enterpriseam","tag-pmi","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7e18b559-5239-41ed-b452-c8ad8c24a16b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/3\/715.jpg","photo_position":"above","related_issue":[601637],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s non-oil business activity falls to 17-month low: PMI - 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\/03\/06\/egypts-non-oil-business-activity-falls-to-17-month-low-pmi\/\" \/>\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 falls to 17-month low: PMI\" \/>\n<meta property=\"og:description\" content=\"Non-oil business activity falls to 17-month low, sentiment hits 10-month high: The Egypt purchasing managers\u2019 index (PMI) contracted for the sixth consecutive month in February to reach a 17-month low, according to Markit \/ Emirates NBD data. 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The latest purchasing managers\u2019 index rose slightly to 49.2 last month from 48.2 in May, indicating a\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\/2\/120.jpg?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":601642,"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":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":601642,"position":2},"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":594685,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/egypts-non-oil-business-activity-shrinks-again-in-august\/","url_meta":{"origin":601642,"position":3},"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":[]},{"id":599829,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/non-oil-business-activity-in-egypt-contracts-for-fourth-consecutive-month-but-at-a-slower-pace\/","url_meta":{"origin":601642,"position":4},"title":"Non-oil business activity in Egypt contracts for fourth consecutive month, but at a slower pace","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"Purchasing managers\u2019 index rises in December to four-month high, remains in contraction range: Non-oil business activity in Egypt contracted for the fourth consecutive month in December, but at a slower pace than the previous two months, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (pdf). The PMI rose\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\/2021\/1\/81.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":601642,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601642","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=601642"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601642\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601643"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601642"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601642"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}