{"id":656388,"date":"2024-12-03T00:00:00","date_gmt":"2024-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/"},"modified":"2024-12-03T00:00:00","modified_gmt":"2024-12-03T00:00:00","slug":"novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/","title":{"rendered":"November\u2019s PMI readings show non-oil private sector activity contract for third consecutive month"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon folks, and a happy Tuesday to you. <\/strong>Today we have all the latest on Egypt\u2019s fresh PMI reading, Jaguar\u2019s new EV concept, and the best content to wind down to after a busy work day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s non-oil private sector activity continued to contract in November, albeit at <\/strong><strong>a softer pace: <\/strong>Egypt\u2019s non-oil private sector activity in November edged up to 49.2 from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8d292b8-4c76-436f-a3d1-ae3f718ffa2d\/egypt%25e2%2580%2599s-non-oil-private-sector-activity-continues-to-contract-on-the-back-of-rising-price-pressures\" style=\"\" rel=\"noopener\">49.0<\/a> last month, marking sector activity\u2019s third consecutive month of contraction, according to S&P Global\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/283.pdf\" style=\"\" rel=\"noopener\">Purchasing Managers\u2019 Index (PMI) report (pdf)<\/a>. The decline came as subdued customer demand and weaker new order inflows continued to weigh on business activity, though the contraction eased to its mildest pace in three months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good news on the inflation front: <\/strong>November\u2019s reading saw input cost and output charge inflation drop to its lowest levels in four months, \u201csuggesting downward potential to consumer price inflation in the coming months,\" senior S&P Global economist David Owen said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amid a busy day in the int\u2019l presses, China has thrown down the gauntlet in the latest <\/strong><strong>development in the US-China trade war:<\/strong> The Chinese government announced earlier today that it is banning exports of several dual-use minerals and metals to the US in response to Washington\u2019s announcement of tighter semiconductor export controls <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/edeb4342-404a-45d1-88c7-23ff98e50abd\/\" style=\"\" rel=\"noopener\">yesterday<\/a>. The countermeasures will place the 98% of world gallium and germanium produced by China beyond the reach of US companies \u2014 spelling potential trouble for the US\u2019 semiconductor, battery, and military hardware manufacturing industries. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/eca9a562-ffc7-4989-bbf6-734997409265\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/china-bans-exports-gallium-germanium-antimony-us-2024-12-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>New gov\u2019t committee aims to make Egypt a startup hub<\/strong><strong>:<\/strong> The recently formed Entrepreneurship Ministerial Committee has announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0b54e26-4626-4764-aa77-c43db064f823\/planning,-economic-development,-and-international-cooperation-minister-rania-al-mashat-gives-us-the-lowdown-on-the-new-entrepreneurship-ministerial-committee%5C\" style=\"\" rel=\"noopener\">ambitious plans<\/a> to increase investments in Egypt\u2019s startups tenfold to USD 5 bn in the coming period.<\/li>\n<li><strong>Fresh details on auto feeder industry localization plans: <\/strong>The Industry Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40a33add-e842-4474-9e12-a1fac2730f08\/arab-organization-for-industrialization-to-set-up-tire-manufacturing-city-with-unnamed-chinese-partner\" style=\"\" rel=\"noopener\">revealed new information<\/a> on the government\u2019s plans to localize automotive feeder industries during yesterday\u2019s ministerial group for industrial development meeting. <\/li>\n<li><strong>Government arrears owed to Egypt\u2019s pharma companies have climbed to EGP 50 <\/strong><strong>bn<\/strong>, Federation of Egyptian Chambers of Commerce\u2019s pharma division head Ali Auf <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c03de4d-1aaa-4c21-9a38-a043f7405977\/egyptian-government-dues-owed-to-pharma-firms-hit-egp-50-bn\" style=\"\" rel=\"noopener\">told EnterpriseAM<\/a>. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re looking forward to another sunny morning tomorrow with a high of 23\u00b0C, and clear night skies that will dip to 13\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon folks, and a happy Tuesday to you. Today we have all the latest on Egypt\u2019s fresh PMI reading, Jaguar\u2019s new EV concept, and the best content to wind down to after a busy work day. THE BIG STORY TODAY Egypt\u2019s non-oil private sector activity continued to contract in November, albeit at a softer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":656389,"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":[7213],"tags":[104,633,185,1653,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-pmi","tag-sp","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"896c7dcd-c668-4ae7-84ae-9a3b2db9ded2","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/12\/302.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[656386],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.a3d6fd30-46d0-47ee-83e6-557abe80359c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>November\u2019s PMI readings show non-oil private sector activity contract for third consecutive month - 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\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"November\u2019s PMI readings show non-oil private sector activity contract for third consecutive month\" \/>\n<meta property=\"og:description\" content=\"Good afternoon folks, and a happy Tuesday to you. Today we have all the latest on Egypt\u2019s fresh PMI reading, Jaguar\u2019s new EV concept, and the best content to wind down to after a busy work day. 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Today we have all the latest on Egypt\u2019s fresh PMI reading, Jaguar\u2019s new EV concept, and the best content to wind down to after a busy work day. THE BIG STORY TODAY Egypt\u2019s non-oil private sector activity continued to contract in November, albeit at a softer [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-12-03T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/302.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"November\u2019s PMI readings show non-oil private sector activity contract for third consecutive month","datePublished":"2024-12-03T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/"},"wordCount":439,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/302.jpg?fit=%2C&ssl=1","keywords":["economy","EnterprisePM","PMI","S&amp;P","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/03\/novembers-pmi-readings-show-non-oil-private-sector-activity-contract-for-third-consecutive-month\/","name":"November\u2019s PMI readings show non-oil private sector activity contract for third consecutive month - 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The PMI gauge fell to 49.4 in August from 50.3 in July, indicating\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/3005.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576986,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/private-sector-activity-contracts-for-23rd-consecutive-month\/","url_meta":{"origin":656388,"position":2},"title":"Private sector activity contracts for 23rd consecutive month","author":"enterpriseam admin","date":"6 November 2022","format":false,"excerpt":"Activity in Egypt\u2019s non-oil private sector continued to contract in October, remaining effectively unchanged from the month before as inflation, supply disruptions, and falling demand abroad continued to weigh on businesses, according to S&P Global\u2019s purchasing managers\u2019 index (pdf). The PMI index registered 47.7 last month, climbing just 0.1 points\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/pmi-is-flat-month-on-month-with-private-sector-still-in-contraction-territory\/","url_meta":{"origin":656388,"position":3},"title":"PMI is flat month on month, with private sector still in contraction territory","author":"enterpriseam admin","date":"5 October 2022","format":false,"excerpt":"Activity in Egypt\u2019s non-oil private sector contracted at the same pace in September as it did in August, according to S&P Global\u2019s latest purchasing managers\u2019 index (pdf). The PMI index was flat month-on-month at 47.6, remaining below the 50.0 threshold that separates growth from contraction for the twenty-second consecutive month.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/136.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591372,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-non-oil-business-activity-hits-two-year-lows-in-november\/","url_meta":{"origin":656388,"position":4},"title":"Egypt\u2019s non-oil business activity hits two-year lows in November","author":"enterpriseam admin","date":"4 December 2019","format":false,"excerpt":"November was a month to forget for the non-oil private sector, the PMI suggests: Non-oil private sector business activity hit two-year lows in November as output, new orders, and employment fell, according to the Markit \/ Emirates NBD purchasing managers\u2019 index (pdf). 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Rising inflation and slowing demand caused activity\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/136.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/656388","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=656388"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/656388\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/656386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/656389"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=656388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=656388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=656388"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=656388"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=656388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}