{"id":628458,"date":"2018-05-06T04:20:24","date_gmt":"2018-05-06T04:20:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/"},"modified":"2018-05-06T04:20:24","modified_gmt":"2018-05-06T04:20:24","slug":"business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/","title":{"rendered":"Business conditions stabilize in April as PMI reading registers 50.1"},"content":{"rendered":"

<\/a> Business conditions in Egypt\u2019s non-oil private sector stabilized in April<\/strong>, according to the Emirates NBD PMI reading (pdf)<\/a> 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 orders also rose for the fourth month.<\/strong> Companies\u2019 input buying grew at its fastest rate since January, despite the growth being modest, the report noted.<\/p>\n

April\u2019s reading indicates \u201cthat the non-oil private sector is finally starting to contribute to the positive growth story underway <\/strong>in the country. We anticipate that the PMI will be more consistently positive over the coming quarters, as ongoing economic reforms and loosening monetary policy encourage greater private sector activity,\u201d commented Daniel Richards, MENA Economist at Emirates NBD. The report also noted that companies were increasingly optimistic towards the 12-month outlook for output in April, after the PMI dipped in March, and expect an improvement in demand conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 orders also rose for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628458","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2aa6b4e5-012c-4d4f-b603-854ccfbb7dd2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628451],"teaser":"","voice_url":""},"yoast_head":"\nBusiness conditions stabilize in April as PMI reading registers 50.1 - 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\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business conditions stabilize in April as PMI reading registers 50.1\" \/>\n<meta property=\"og:description\" content=\"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 orders also rose for the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-06T04:20:24+00:00\" \/>\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\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Business conditions stabilize in April as PMI reading registers 50.1\",\"datePublished\":\"2018-05-06T04:20:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/business-conditions-stabilize-in-april-as-pmi-reading-registers-50-1\/\",\"name\":\"Business conditions stabilize in April as PMI reading registers 50.1 - 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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":628458,"position":1},"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). 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