{"id":636986,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/business-confidence-at-26-month-high-pmi-reading-shows\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"business-confidence-at-26-month-high-pmi-reading-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/business-confidence-at-26-month-high-pmi-reading-shows\/","title":{"rendered":"Business confidence at 26-month high, PMI reading shows"},"content":{"rendered":"

<\/a> Business confidence in Egypt hit a 26-month high, \u201csignalling strong optimism towards future growth prospects, with many expecting economic stability over the coming year,\u201d<\/strong> according to October\u2019s reading of the Emirates NBD PMI<\/a>. Contractions in output, new orders, and employment all eased, the report showed even though they were \u201cmuted in comparison to the historical average.\u201d The reading also showed softening in both output and input price inflation. \u201cJob shedding among Egyptian non-oil private sector companies continued in October<\/strong>, thereby extending the current sequence of contraction to 29 months. Anecdotal evidence suggested a trend of firms not replacing retiring employees. That said, the rate of decline eased in the latest survey.\u201d The reading of 48.4 in October increased from September\u2019s 47.4, and came as \u201cexport orders increased on average last month, after declining in September. Encouragingly, business optimism in October was the highest in more than two years,\u201d Khatija Haque, Head of MENA Research at Emirates NBD, commented.<\/p>\n","protected":false},"excerpt":{"rendered":"

Business confidence in Egypt hit a 26-month high, \u201csignalling strong optimism towards future growth prospects, with many expecting economic stability over the coming year,\u201d according to October\u2019s reading of the Emirates NBD PMI. Contractions in output, new orders, and employment all eased, the report showed even though they were \u201cmuted in comparison to the historical […]<\/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-636986","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"df244d77-307b-4112-9bb8-4ce5f6a4d890","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636980],"teaser":"","voice_url":""},"yoast_head":"\nBusiness confidence at 26-month high, PMI reading shows - 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\/2017\/11\/06\/business-confidence-at-26-month-high-pmi-reading-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business confidence at 26-month high, PMI reading shows\" \/>\n<meta property=\"og:description\" content=\"Business confidence in Egypt hit a 26-month high, \u201csignalling strong optimism towards future growth prospects, with many expecting economic stability over the coming year,\u201d according to October\u2019s reading of the Emirates NBD PMI. 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