{"id":602822,"date":"2019-04-08T03:50:28","date_gmt":"2019-04-08T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/"},"modified":"2019-04-08T03:50:28","modified_gmt":"2019-04-08T03:50:28","slug":"egypts-non-oil-business-activity-closely-misses-growth-mark-in-march","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/","title":{"rendered":"Egypt\u2019s non-oil business activity closely misses growth mark in March"},"content":{"rendered":"

<\/a> Non-oil businesses sees rise in orders and output prices \u2014 and improvement in margins: <\/b>The Emirates NBD Egypt purchasing managers\u2019 index (pdf)<\/a> rose to 49.9 in March, marking \u201ca significant improvement from the 17-month low of 48.2 recorded in February<\/a>,\u201d said Daniel Richards, MENA economist at Emirates NBD.<\/p>\n

What does that mean? <\/b>A reading above 50.0 indicates that activity is rising, while a reading below that mark means it is contracting. The March figure is the seventh consecutive month that the gauge has been in contraction territory.<\/p>\n

What drove the month-on-month improvement? <\/b>It came as orders increased for the first time since August of last year \u2014 and as companies were \u201cable to raise output prices for the first time this year, while input prices were at a series-low, reducing pressure on firms\u2019 margins,\u201d Richards said.<\/p>\n

Employment continued on its downward trajectory<\/b> for the sixth month in a row amid retirements and staff members changing jobs.<\/p>\n

Survey respondents were generally positive<\/b>, expecting PMI to improve over the rest of the year and to hit the growth territory more frequently than in 2018 on the back of lower interest rates and an uptick in tourism. Future output expectations were revised downwards, however, amid concerns over economic stagnation over the coming year.<\/p>\n

The caveat (beyond the fact that the gauge is still in contraction territory): <\/b>\u201cThe continued negative performance of the private sector reaffirms our decision to downgrade our 2018-19 real GDP growth forecast from 5.5% to 5.3%.\u201d Emirates NBD writes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-oil businesses sees rise in orders and output prices \u2014 and improvement in margins: The Emirates NBD Egypt purchasing managers\u2019 index (pdf) rose to 49.9 in March, marking \u201ca significant improvement from the 17-month low of 48.2 recorded in February,\u201d said Daniel Richards, MENA economist at Emirates NBD. What does that mean? A reading above […]<\/p>\n","protected":false},"author":1,"featured_media":602823,"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":[72,1486,185,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-non-oil-business-activity","tag-pmi","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cabb6e56-9693-4018-b411-afd8215bffef","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/1412.png","photo_position":"above","related_issue":[602817],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s non-oil business activity closely misses growth mark in March - 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\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\" \/>\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 closely misses growth mark in March\" \/>\n<meta property=\"og:description\" content=\"Non-oil businesses sees rise in orders and output prices \u2014 and improvement in margins: The Emirates NBD Egypt purchasing managers\u2019 index (pdf) rose to 49.9 in March, marking \u201ca significant improvement from the 17-month low of 48.2 recorded in February,\u201d said Daniel Richards, MENA economist at Emirates NBD. What does that mean? A reading above […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-08T03:50:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1412.png?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\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s non-oil business activity closely misses growth mark in March\",\"datePublished\":\"2019-04-08T03:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1412.png?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"non-oil business activity\",\"PMI\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/egypts-non-oil-business-activity-closely-misses-growth-mark-in-march\/\",\"name\":\"Egypt\u2019s non-oil business activity closely misses growth mark in March - 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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":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":602822,"position":1},"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":596674,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/04\/non-oil-business-activity-continues-to-contract-in-june\/","url_meta":{"origin":602822,"position":2},"title":"Non-oil business activity continues to contract in June","author":"enterpriseam admin","date":"4 July 2019","format":false,"excerpt":"Non-oil business activity continues to contract in June: Falling demand caused non-oil business activity to contract for the second consecutive month in June, according to the Markit \/ Emirates NBD PMI gauge (pdf). 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":628458,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/","url_meta":{"origin":602822,"position":3},"title":"Business conditions stabilize in April as PMI reading registers 50.1","author":"enterpriseam admin","date":"6 May 2018","format":false,"excerpt":"Business conditions in Egypt\u2019s non-oil private sector stabilized in April, according to the Emirates NBD PMI reading (pdf) compiled by Markit. The gauge came in at 50.1 \u2014 just above the neutral 50.0 threshold \u2014 up from 49.2 in March, reflecting stabilizing output and growth in new orders. New export\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604609,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/pmi-non-oil-business-activity-in-egypt-contracted-for-a-third-month-in-a-row-but-at-a-slower-pace-than-in-september-and-october\/","url_meta":{"origin":602822,"position":4},"title":"PMI: Non-oil business activity in Egypt contracted for a third month in a row, but at a slower pace than in September and October","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"PMI: Non-oil business activity contracts for third month in a row: Private sector activity contracted for the third month in a row in November, but at a slower pace than the previous two months, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (pdf). The PMI rose to 49.2\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\/internal\/536550.png?resize=350%2C200&ssl=1","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":602822,"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\/602822","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=602822"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602822\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/602823"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602822"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602822"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}