{"id":634136,"date":"2018-01-08T04:06:13","date_gmt":"2018-01-08T04:06:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/pmi-falls-in-december-but-4q2017-average-is-highest-in-two-years\/"},"modified":"2018-01-08T04:06:13","modified_gmt":"2018-01-08T04:06:13","slug":"pmi-falls-in-december-but-4q2017-average-is-highest-in-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/pmi-falls-in-december-but-4q2017-average-is-highest-in-two-years\/","title":{"rendered":"PMI falls in December, but 4Q2017 average is highest in two years"},"content":{"rendered":"

<\/a> Business conditions in Egypt\u2019s non-oil private sector deteriorated in December<\/strong>, according to December\u2019s PMI reading, which came in 48.3<\/a>. 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 economic stability and increased capital investment plans underpinned strong business confidence during December.<\/strong> In terms of inflation, rates of increase in input and output prices eased and registered comfortably below their respective long-run averages.\u201d The latest deterioration was driven by declines in output, new orders, and new foreign business, according to the report. \u201cThe pace of contraction was gentler than seen over most of the past several years, future sentiment remains high, and job shedding slowed<\/strong> to a 28-month low, boding well for 2018,\u201d Daniel Richards, MENA Economist at Emirates NBD, commented.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 economic stability and increased capital […]<\/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-634136","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e8af2e1c-155b-4036-9227-20ce27116ca6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[634130],"teaser":"","voice_url":""},"yoast_head":"\nPMI falls in December, but 4Q2017 average is highest in two years - 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\/01\/08\/pmi-falls-in-december-but-4q2017-average-is-highest-in-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMI falls in December, but 4Q2017 average is highest in two years\" \/>\n<meta property=\"og:description\" content=\"Business conditions in Egypt\u2019s non-oil private sector deteriorated in December, according to December\u2019s PMI reading, which came in 48.3. 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