{"id":651148,"date":"2017-02-06T04:11:04","date_gmt":"2017-02-06T04:11:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/pmi-reading-points-to-another-month-of-worsening-business-conditions\/"},"modified":"2017-02-06T04:11:04","modified_gmt":"2017-02-06T04:11:04","slug":"pmi-reading-points-to-another-month-of-worsening-business-conditions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/pmi-reading-points-to-another-month-of-worsening-business-conditions\/","title":{"rendered":"PMI reading points to another month of worsening business conditions"},"content":{"rendered":"

<\/a> Waiting for Godot:<\/strong> There is little evidence an economic recovery is underway, according to the Emirates NBD Egypt\u2019s PMI reading<\/a>, which registered 43.3 in January. \u201cEgypt\u2019s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. Underpinning the downturn were ongoing reductions in output and new orders,\u201d which fell for the sixteenth straight month. Average prices charged increased at survey-record pace and employment fell for the twentieth straight month as well. Jean-Paul Pigat, Senior Economist at Emirates NBD points to the silver lining in the report, saying it is \u201cencouraging that the new \u2018Future Output Index\u2019 of the PMI suggests that firms have become increasingly optimistic on the economic outlook<\/strong> following November\u2019s devaluation of the EGP.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Waiting for Godot: There is little evidence an economic recovery is underway, according to the Emirates NBD Egypt\u2019s PMI reading, which registered 43.3 in January. \u201cEgypt\u2019s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. Underpinning the downturn were ongoing reductions in output and new orders,\u201d […]<\/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-651148","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7756fa6a-282c-4bc7-a56c-2cf8d74d3534","order":"0","is_powered_by":true,"section_story_id":"8b62b8ba-a86b-4718-8d36-13d55333f5ec","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651140],"teaser":"","voice_url":""},"yoast_head":"\nPMI reading points to another month of worsening business conditions - 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\/02\/06\/pmi-reading-points-to-another-month-of-worsening-business-conditions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMI reading points to another month of worsening business conditions\" \/>\n<meta property=\"og:description\" content=\"Waiting for Godot: There is little evidence an economic recovery is underway, according to the Emirates NBD Egypt\u2019s PMI reading, which registered 43.3 in January. \u201cEgypt\u2019s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. 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The gauge fell for the fourth consecutive month\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\/12\/1837.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592772,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypts-non-oil-business-activity-falls-slightly-in-october-but-sentiment-is-up\/","url_meta":{"origin":651148,"position":2},"title":"Egypt\u2019s non-oil business activity falls slightly in October, but sentiment is up","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"Non-oil business activity falls slightly in October, but sentiment is showing strong improvement: Egypt\u2019s non-oil private sector remained in contraction territory in October, with output and new orders falling moderately, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (PMI) (pdf). 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