{"id":664778,"date":"2025-05-06T00:00:00","date_gmt":"2025-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/"},"modified":"2025-05-06T00:00:00","modified_gmt":"2025-05-06T00:00:00","slug":"declining-non-oil-private-sector-points-finger-at-consumer-spending","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/","title":{"rendered":"Declining non-oil private sector points finger at consumer spending"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and a happy humpday to you all.<\/strong> Today\u2019s slower newscycle comes as a respite in this warmer weather, with today\u2019s issue bringing you coverage of Egypt\u2019s declining non-oil private sector, Netflix\u2019s dropoff at the hands of Trump, and a suggestion of a guilt-free sweet treat to offset it all.<\/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 continued to decline in April,<\/strong> which non-oil firms\u2019 attribute to declining demand amid weaker consumer spending, according to S&P Global\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/399.pdf\" style=\"\" rel=\"noopener\">Purchasing Managers Index (PMI) report (pdf)<\/a>. Egypt\u2019s headline figure fell 0.7 percentage points to 48.5 in April, down from 49.2 in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4af23395-3bfd-4b0a-8f76-9fef8c96a252\/%253cmark%253enon-oil%253c%2Fmark%253e-private-sector-activity-slips-back-into-the-red-in-march\" style=\"\" rel=\"noopener\">March<\/a>, marking the lowest PMI reading for the country in 2025 so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses reported a drop in customer spending,<\/strong> which led to lower intakes of new business \u2014 and this, in turn, led to a reduction in output, with the rates of contraction for both new orders and output reaching their lowest level in four months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The effect of rising fuel prices is starting to show:<\/strong> Input prices rose at their highest level in four months in April, with panelists indicating that this was down to an increase in fuel prices, as well as higher material and staff costs. However, this did not reflect on output prices, which remained unchanged during the month. \u201cAlthough input costs rose at a much sharper pace over the month, this was mainly attributed to the roughly 15% uplift in fuel prices, rather than underlying inflationary pressures,\" S&P Global Senior 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>Friedrich Mer<\/strong><strong>z fails in first round of Chancellorship vote:<\/strong> Leader of Germany\u2019s Christian Democratic Union (CDU) party Friedrich Merz, has failed to secure enough votes in the first round of voting at the Bundestag to become chancellor, despite his party\u2019s coalition with the Social Democratic Party (SPD) holding a majority of seats. This marks the first failure in Germany\u2019s post-war history for a chancellor candidate to secure first-time backing from parliament. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/48665ff1-b741-44dc-903e-2f54322a7127\" style=\"\" rel=\"noopener\">FT<\/a> I <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/merz-fails-be-elected-chancellor-by-german-parliament-2025-05-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Political uncertainty looms:<\/strong> Merz received only 310 votes when 316 were needed for confirmation, indicating that several coalition members either defected or abstained. This unexpected outcome has triggered market shock and political uncertainty, especially as it comes just before the Christian Democrat was set to take office on Tuesday. A second round of voting will be required, though no date has been announced. The same threshold of 316 votes will apply for the next attempt. In the meantime, Olaf Scholz continues to serve as acting chancellor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\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>The temperature\u2019s upwards trend is still going strong, with the mercury in the capital tomorrow projected to rise to 35\u00b0C throughout the day, followed by a warmer-than-usual 20\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and a happy humpday to you all. Today\u2019s slower newscycle comes as a respite in this warmer weather, with today\u2019s issue bringing you coverage of Egypt\u2019s declining non-oil private sector, Netflix\u2019s dropoff at the hands of Trump, and a suggestion of a guilt-free sweet treat to offset it all. THE BIG STORY [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":664779,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[104,633,185,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-pmi","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"38700c2c-f6d3-4b9c-af3d-1fe71fd2b868","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/12\/1594.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[664776],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.1749aa43-3e3a-4117-ab97-ddf942e01a4e.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>Declining non-oil private sector points finger at consumer spending - 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\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Declining non-oil private sector points finger at consumer spending\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and a happy humpday to you all. Today\u2019s slower newscycle comes as a respite in this warmer weather, with today\u2019s issue bringing you coverage of Egypt\u2019s declining non-oil private sector, Netflix\u2019s dropoff at the hands of Trump, and a suggestion of a guilt-free sweet treat to offset it all. THE BIG STORY [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Declining non-oil private sector points finger at consumer spending\",\"datePublished\":\"2025-05-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\"},\"wordCount\":469,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1594.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterprisePM\",\"PMI\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/declining-non-oil-private-sector-points-finger-at-consumer-spending\/\",\"name\":\"Declining non-oil private sector points finger at consumer spending - 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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\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664809,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/07\/non-oil-private-sector-activity-slips-further-into-the-red-in-april\/","url_meta":{"origin":664778,"position":1},"title":"Non-oil private sector activity slips further into the red in April","author":"enterpriseam admin","date":"7 May 2025","format":false,"excerpt":"The headline figure fell 0.7 percentage points to 48.5 in April","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\/2024\/5\/1740.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586111,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/07\/non-oil-private-sector-contracts-at-a-softer-pace-in-april\/","url_meta":{"origin":664778,"position":2},"title":"Non-oil private-sector contracts at a softer pace in April","author":"enterpriseam admin","date":"7 May 2023","format":false,"excerpt":"Short-term outlook among firms falls to record low amid economic uncertainty","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\/2023\/5\/298.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/06\/pmi-sees-business-conditions-declining-in-may\/","url_meta":{"origin":664778,"position":3},"title":"PMI sees business conditions declining in May","author":"enterpriseam admin","date":"6 June 2018","format":false,"excerpt":"Business conditions in the non-oil private sector declined during May, according to the Emirates NBD PMI reading (pdf) compiled by Markit. The gauge slipped back to 49.2 in May from 50.1 in April. Last month\u2019s reading had shown business conditions stabilizing with new export orders rising for the fourth month.A\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588081,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/06\/egypts-non-oil-private-sector-contracts-at-softest-pace-in-15-months-in-may\/","url_meta":{"origin":664778,"position":4},"title":"Egypt\u2019s non-oil private sector contracts at softest pace in 15 months in May","author":"enterpriseam admin","date":"6 June 2023","format":false,"excerpt":"Business activity declined for 30th consecutive month in May","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\/2023\/6\/248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607479,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/this-evening-egypts-non-oil-private-sector-contracts-at-a-sharper-pace-in-september\/","url_meta":{"origin":664778,"position":5},"title":"THIS EVENING: Egypt\u2019s non-oil private sector contracts at a sharper pace in September","author":"enterpriseam admin","date":"3 October 2023","format":false,"excerpt":"Good afternoon, friends. It\u2019s almost the end of the week, with the upcoming long weekend making tomorrow a THURSDAY-equivalent. THE BIG STORY TODAY PMI contraction accelerates again: The contraction in Egypt\u2019s non-oil private sector deepened in September on the back of \u201cprice and supply challenges\u201d that curbed output levels, according\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/664778","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=664778"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/664778\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/664776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/664779"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=664778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=664778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=664778"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=664778"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=664778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}