{"id":630951,"date":"2018-03-06T04:15:21","date_gmt":"2018-03-06T04:15:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/"},"modified":"2018-03-06T04:15:21","modified_gmt":"2018-03-06T04:15:21","slug":"new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/","title":{"rendered":"New orders grow, appetite from EU improving, but PMI reading still below below 50 in February"},"content":{"rendered":"

<\/a> Total new orders for Egypt\u2019s non-oil private sector returned to expansion and new export business witnessed an uptick in February<\/strong>, the Markit-compiled Emirates NBD PMI showed<\/a>. The PMI reading for the month still remained below the 50.0 neutral mark at 49.7, but was over its long-run average. \u201cPanelists noted stronger demand from both domestic and export markets. Despite the rate of growth being only marginal overall, the expansion was only the third recorded over the past two-and-a-half years\u2026 Some panel members noted higher demand from EU markets<\/strong>.\u201d Even though the survey shows that output contracted during February, the overall level of confidence \u201cwas well above the historical average,\u201d and anecdotal evidence showed higher business investment, an expected economic upturn, and new project wins underpinning confidence. \u201cThe data remains upbeat in comparison to recent annual averages. In particular, new orders, new export orders, and business optimism were all in positive territory, supporting our view of a strengthening Egyptian economy, and our expectation that the headline figure will begin to breach the 50.0 level more consistently in the coming quarters,\u201d Emirates NBD MENA Economist Daniel Richards commented.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total new orders for Egypt\u2019s non-oil private sector returned to expansion and new export business witnessed an uptick in February, the Markit-compiled Emirates NBD PMI showed. The PMI reading for the month still remained below the 50.0 neutral mark at 49.7, but was over its long-run average. \u201cPanelists noted stronger demand from both domestic and […]<\/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-630951","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"671299d2-7c1c-4829-b732-2f98bfd9a66a","order":"0","is_powered_by":true,"section_story_id":"671268d0-8d1e-47d7-ab91-439d9ff35cc6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630944],"teaser":"","voice_url":""},"yoast_head":"\nNew orders grow, appetite from EU improving, but PMI reading still below below 50 in February - 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\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New orders grow, appetite from EU improving, but PMI reading still below below 50 in February\" \/>\n<meta property=\"og:description\" content=\"Total new orders for Egypt\u2019s non-oil private sector returned to expansion and new export business witnessed an uptick in February, the Markit-compiled Emirates NBD PMI showed. The PMI reading for the month still remained below the 50.0 neutral mark at 49.7, but was over its long-run average. \u201cPanelists noted stronger demand from both domestic and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-06T04:15:21+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\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New orders grow, appetite from EU improving, but PMI reading still below below 50 in February\",\"datePublished\":\"2018-03-06T04:15:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\"},\"wordCount\":198,\"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\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/new-orders-grow-appetite-from-eu-improving-but-pmi-reading-still-below-below-50-in-february\/\",\"name\":\"New orders grow, appetite from EU improving, but PMI reading still below below 50 in February - 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