{"id":629905,"date":"2018-04-04T04:10:53","date_gmt":"2018-04-04T04:10:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/pmi-dips-unexpectedly-in-march\/"},"modified":"2018-04-04T04:10:53","modified_gmt":"2018-04-04T04:10:53","slug":"pmi-dips-unexpectedly-in-march","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/pmi-dips-unexpectedly-in-march\/","title":{"rendered":"PMI dips unexpectedly in March"},"content":{"rendered":"

<\/a> Egypt\u2019s headline purchasing managers\u2019 index reading dipped to 49.2 in March from 49.7 a month earlier<\/strong>, according to the monthly report compiled by Markit<\/a>. The drop was driven by downward movements in sub-components such as new orders and employment, with sentiment dipping to an eight-month low as well. The upside is that the data signaled easing inflationary pressures across the non-oil private sector as both input prices and output charges increasing at softer rates. Input costs, in particular, also dropped to a 30-month low. New export orders were up for the third month running as well, with demand from Middle Eastern countries picking up. Improvement in the Egyptian economy is still expected to be felt this year<\/strong>, Emirates NBD MENA Economist Daniel Richards says. Richards notes that \u201cthe latest PMI data implies that [the improvement] is taking longer than the authorities might have hoped. Nevertheless, the index has consistently threatened to turn expansionary over recent readings, which is a vast improvement on the months just prior to the economic reforms.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s headline purchasing managers\u2019 index reading dipped to 49.2 in March from 49.7 a month earlier, according to the monthly report compiled by Markit. The drop was driven by downward movements in sub-components such as new orders and employment, with sentiment dipping to an eight-month low as well. The upside is that the data signaled […]<\/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-629905","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6e13e650-67d2-429c-830e-674ce47883c8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[629899],"teaser":"","voice_url":""},"yoast_head":"\nPMI dips unexpectedly 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\/2018\/04\/04\/pmi-dips-unexpectedly-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMI dips unexpectedly in March\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s headline purchasing managers\u2019 index reading dipped to 49.2 in March from 49.7 a month earlier, according to the monthly report compiled by Markit. The drop was driven by downward movements in sub-components such as new orders and employment, with sentiment dipping to an eight-month low as well. 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What does\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\/4\/1412.png?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":629905,"position":1},"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":629905,"position":2},"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":634136,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/pmi-falls-in-december-but-4q2017-average-is-highest-in-two-years\/","url_meta":{"origin":629905,"position":3},"title":"PMI falls in December, but 4Q2017 average is highest in two years","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Business conditions in Egypt\u2019s non-oil private sector deteriorated in December, according to December\u2019s PMI reading, which came in 48.3. That drop came just a month after the expansion recorded in November, when PMI was 50.7. That said: The average reading over 4Q2017 was the highest in two years. \u201cSigns 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601642,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/06\/egypts-non-oil-business-activity-falls-to-17-month-low-pmi\/","url_meta":{"origin":629905,"position":4},"title":"Egypt\u2019s non-oil business activity falls to 17-month low: PMI","author":"enterpriseam admin","date":"6 March 2019","format":false,"excerpt":"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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Furthermore, foreign demand for\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629905","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=629905"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629905\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629899"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629905"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629905"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}