{"id":635116,"date":"2024-07-24T00:00:00","date_gmt":"2024-07-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/"},"modified":"2024-07-24T00:00:00","modified_gmt":"2024-07-24T00:00:00","slug":"demand-for-big-ticket-items-is-on-the-decline-following-the-float","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/","title":{"rendered":"Demand for big-ticket items is on the decline following the float"},"content":{"rendered":"

March\u2019s float continues to receive attention from foreign press. <\/strong>Bloomberg<\/a> is out with a piece looking at the impact the float of the EGP had on the demand for big-ticket items \u2014 sofas, refrigerators, and cars<\/a>.<\/p>\n

Why has this impacted demand? <\/strong>Consumers are holding off making any big purchases as they adopt a wait-and-see approach in hopes of further price reductions down the line.\u201cIt\u2019s a waiting game between consumers and traders,\u201d EFG Hermes\u2019 Mohamed Abu Basha told Bloomberg. \u201cThe market on both sides is taking time to absorb the exchange-rate volatility witnessed during the last few months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

March\u2019s float continues to receive attention from foreign press. Bloomberg is out with a piece looking at the impact the float of the EGP had on the demand for big-ticket items \u2014 sofas, refrigerators, and cars. Why has this impacted demand? Consumers are holding off making any big purchases as they adopt a wait-and-see approach […]<\/p>\n","protected":false},"author":1,"featured_media":635117,"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":[7233],"tags":[104,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-economy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"9ab3cf39-e1a3-40eb-a9af-5bdb41f03e24","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1902.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Demand for big-ticket items is on the decline following the float of the EGP","related_issue":[635105],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a6decac8-f35f-4b33-a5ba-b47735c8ef9d.mp3"},"yoast_head":"\nDemand for big-ticket items is on the decline following the float - 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\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demand for big-ticket items is on the decline following the float\" \/>\n<meta property=\"og:description\" content=\"March\u2019s float continues to receive attention from foreign press. Bloomberg is out with a piece looking at the impact the float of the EGP had on the demand for big-ticket items \u2014 sofas, refrigerators, and cars. Why has this impacted demand? Consumers are holding off making any big purchases as they adopt a wait-and-see approach […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Demand for big-ticket items is on the decline following the float\",\"datePublished\":\"2024-07-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\"},\"wordCount\":110,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/demand-for-big-ticket-items-is-on-the-decline-following-the-float\/\",\"name\":\"Demand for big-ticket items is on the decline following the float - 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Feteha write for Bloomberg. \u201cThe move to a more flexible exchange rate regime, not a float, is still in the cards but the rollout will take place at the appropriate\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634803,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/24\/sugar-project-the-largest-non-oil-fdi-since-egp-float-nasr\/","url_meta":{"origin":635116,"position":2},"title":"Sugar project the largest non-oil FDI since EGP float -Nasr","author":"enterpriseam admin","date":"24 January 2018","format":false,"excerpt":"Al Ghurair Group\u2019s vertically integrated sugar plant in Egypt is the biggest non-oil foreign direct investment transaction in Egypt since the EGP float, Investment Minister Sahar Nasr told Bloomberg. Al Ghurair will put in USD 333 mn of the USD 1 bn project and then will raise its stake to\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":617677,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/26\/the-float-of-the-egp-is-dividing-the-international-commentariat\/","url_meta":{"origin":635116,"position":3},"title":"The float of the EGP is dividing the international commentariat","author":"enterpriseam admin","date":"26 March 2024","format":false,"excerpt":"Ruchir Sharma praised Egypt among four other \u201con the mend\u201d emerging markets for \u201cbowing to market realities\u201d","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593460,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/corporate-earnings-bounce-back-to-pre-float-levels\/","url_meta":{"origin":635116,"position":4},"title":"Corporate earnings bounce back to pre-float levels","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"Corporate earnings have bounced back to pre-float levels in USD terms three years after the Central Bank of Egypt pulled the trigger on floating the EGP, Bloomberg says. 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