{"id":652288,"date":"2017-01-05T04:10:11","date_gmt":"2017-01-05T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/"},"modified":"2017-01-05T04:10:11","modified_gmt":"2017-01-05T04:10:11","slug":"pmi-falls-again-in-december-caps-off-worst-quarter-on-record","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/","title":{"rendered":"PMI falls again in December, caps off worst quarter on record"},"content":{"rendered":"

<\/a> Spell not yet broken: PMI still signals decline.<\/strong> Egypt\u2019s non-oil private sector continued to decline in December, as per the Emirates NBD Egypt PMI compiled by Markit, which registered a reading of 42.8. The downturn eased slightly from November\u2019s, but remains substantial<\/strong>. \u201cOutput, new orders and input buying all dropped considerably, continuing trends observed throughout the latter part of 2016 \u2026 sharp inflation was a key factor behind firms\u2019 difficulties. Purchase costs rose at a near-record pace, leading to a lack of raw materials at some companies. This restricted output \u2026 had a damaging effect on client demand.\u201d Seeing the only silver lining in the report, Jean-Paul Pigat, Senior Economist at Emirates NBD, said: \u201cNew export orders decreased at the slowest pace since September 2015. Although the process will not be immediate, a weaker Egyptian pound following November\u2019s devaluation will eventually help boost export growth<\/strong>,\u201d an important step, given weak domestic demand. December\u2019s PMI reading rounded off the worst quarter on average since PMI data collection began in 2011. Tap here to read the full report (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spell not yet broken: PMI still signals decline. Egypt\u2019s non-oil private sector continued to decline in December, as per the Emirates NBD Egypt PMI compiled by Markit, which registered a reading of 42.8. The downturn eased slightly from November\u2019s, but remains substantial. \u201cOutput, new orders and input buying all dropped considerably, continuing trends observed throughout […]<\/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-652288","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4f4ec1e7-e10d-4b7f-aa9f-04f1beb9af57","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652283],"teaser":"","voice_url":""},"yoast_head":"\nPMI falls again in December, caps off worst quarter on record - 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\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMI falls again in December, caps off worst quarter on record\" \/>\n<meta property=\"og:description\" content=\"Spell not yet broken: PMI still signals decline. Egypt\u2019s non-oil private sector continued to decline in December, as per the Emirates NBD Egypt PMI compiled by Markit, which registered a reading of 42.8. The downturn eased slightly from November\u2019s, but remains substantial. \u201cOutput, new orders and input buying all dropped considerably, continuing trends observed throughout […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-05T04:10:11+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\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PMI falls again in December, caps off worst quarter on record\",\"datePublished\":\"2017-01-05T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\"},\"wordCount\":186,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/pmi-falls-again-in-december-caps-off-worst-quarter-on-record\/\",\"name\":\"PMI falls again in December, caps off worst quarter on record - 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The gauge came in at 47.3, broadly unchanged from last month\u2019s 47.4. Overall business conditions worsened in May, marked by reductions to output and new orders. The rate\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":636986,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/business-confidence-at-26-month-high-pmi-reading-shows\/","url_meta":{"origin":652288,"position":1},"title":"Business confidence at 26-month high, PMI reading shows","author":"enterpriseam admin","date":"6 November 2017","format":false,"excerpt":"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\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":651148,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/pmi-reading-points-to-another-month-of-worsening-business-conditions\/","url_meta":{"origin":652288,"position":2},"title":"PMI reading points to another month of worsening business conditions","author":"enterpriseam admin","date":"6 February 2017","format":false,"excerpt":"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\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":642051,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/new-orders-stabilising-export-orders-increasing-pmi\/","url_meta":{"origin":652288,"position":3},"title":"New orders stabilising, export orders increasing -PMI","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"New export orders increased for the fourth consecutive month in July and new orders overall have stabilised, ending a 21-month straight decline, according the Markit \/ Emirates NBD Egypt PMI. Overall, with the PMI reading registering 48.6 in July, the downturn in the health of the economy eased in July\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":621349,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/pmi-shows-egypt-non-oil-business-activity-is-basically-flat-in-october\/","url_meta":{"origin":652288,"position":4},"title":"PMI shows Egypt non-oil business activity is basically flat in October","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"Purchasing managers\u2019 index basically unchanged in October: Private sector business conditions were largely unchanged in October, according to the Markit \/ Emirates NBD PMI gauge (pdf), which dipped to 48.6 from 48.7 in September. While the drop is effectively immaterial, it was the second consecutive dip in confidence after the\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":640906,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/pmi-records-joint-23-month-high\/","url_meta":{"origin":652288,"position":5},"title":"PMI records joint 23-month high","author":"enterpriseam admin","date":"7 September 2017","format":false,"excerpt":"The good news continues: August\u2019s Markit \/ Emirates NBD PMI for Egypt rose to a \u201cjoint\u201d 23-month high with a reading of 48.9 as export orders \u201crose sharply.\u201d The PMI also pointed to the weakest contraction in output in the 23-month period as new export work increased markedly. \u201cEgypt\u2019s PMI\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=652288"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652288\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652283"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652288"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652288"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}