{"id":666432,"date":"2025-06-03T00:00:00","date_gmt":"2025-06-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/03\/private-sector-activity-contracted-at-a-softer-pace-in-may\/"},"modified":"2025-06-03T00:00:00","modified_gmt":"2025-06-03T00:00:00","slug":"private-sector-activity-contracted-at-a-softer-pace-in-may","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/03\/private-sector-activity-contracted-at-a-softer-pace-in-may\/","title":{"rendered":"Private sector activity contracted at a softer pace in May"},"content":{"rendered":"

Good afternoon, everyone<\/strong>, and welcome to the home stretch before the Eid holiday. We\u2019ve got a brisk issue for you today as the news cycle continues winding down.<\/p>\n

\n

THE BIG STORY TODAY-<\/p>\n

Non-oil private sector activity declined at a slower pace in May<\/strong>, with fewer firms reporting cutbacks to customer sales, according to S&P Global\u2019s latest Purchasing Managers Index (PMI) report (pdf)<\/a>. Egypt\u2019s headline figure rose by 1 percentage point to 49.5 in May, up from 48.5 in April<\/a>, marking the slowest pace of decline in three months. The figure puts the PMI reading just shy of the all-important 50.0 mark separating contraction from growth. Anything above 50 denotes expansion, while anything below indicates contraction.<\/p>\n

New orders and overall output continued to fall during the month \u2014 albeit at a slower <\/strong>pa<\/strong>ce.<\/strong> Firms that were surveyed attributed the continued decline in output levels to a decrease in order book volumes amid weaker customer demand.<\/p>\n

\n

\n

Another Chinese project is coming to Qantara West:<\/strong> Chinese bag and luggage manufacturer Comfily Hong Kong will set up a USD 20 mn factory in the Qantara West Industrial Zone, after inking a contract with the Suez Canal Economic Zone, according to a statement<\/a>. The facility \u2014 scheduled to go online by the end of next year \u2014 will produce 22 mn pieces a year, 80% of which will be earmarked for export. <\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

The snap election in South Korea is on every front page this afternoon<\/strong>, with people heading to the polls to cast their votes for a new president following the impeachment of former president Yoon Suk Yeol, who faces trial for attempting to impose martial law. The race pits liberal frontrunner Lee Jae-myung against conservative Kim Moon-Soo, with Lee holding a double-digit lead in final polls. The winner \u2014 set to be sworn in on Wednesday without a transition period \u2014 will inherit a divided country and mounting economic headwinds from Trump\u2019s tariff hikes and a stalled diplomatic arena with North Korea. (Reuters<\/a> | AP<\/a> | Bloomberg<\/a>)<\/p>\n

MEANWHILE IN EUROPE-<\/strong> The Dutch government is on the verge of collapse after far-right politician Geert Wilders pulled his PVV party out of the ruling coalition, saying he couldn\u2019t secure support from his partners for an asylum plan that involved closing borders and deporting refugees. The move is likely to trigger early elections, leaving the Netherlands politically adrift just weeks before it hosts a major NATO summit. (Reuters<\/a> | BBC<\/a>) <\/p>\n

\n
\n
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\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\u2600\ufe0f <\/strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re seeing slightly warmer weather in the capital tomorrow, with the mercury set to peak at 33\u00b0C during the day and cool to 21\u00b0C at night, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good afternoon, everyone, and welcome to the home stretch before the Eid holiday. We\u2019ve got a brisk issue for you today as the news cycle continues winding down. THE BIG STORY TODAY- Non-oil private sector activity declined at a slower pace in May, with fewer firms reporting cutbacks to customer sales, according to S&P Global\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":666433,"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":[633,185,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-pmi","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"67bf2f67-a386-444d-8efd-6d09e6cdda63","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/754.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[666430],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.bbdbde84-9d62-4db8-a867-d8ce7eab7924.mp3"},"yoast_head":"\nPrivate sector activity contracted at a softer pace in May - 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\/06\/03\/private-sector-activity-contracted-at-a-softer-pace-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private sector activity contracted at a softer pace in May\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, everyone, and welcome to the home stretch before the Eid holiday. 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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 "WHAT WE\u2019RE TRACKING TONIGHT"","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":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":666432,"position":1},"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 "WHAT WE\u2019RE TRACKING TONIGHT"","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":[]},{"id":643159,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/non-oil-private-sector-activity-grows-after-three-years-in-contraction\/","url_meta":{"origin":666432,"position":2},"title":"Non-oil private sector activity grows after three years in contraction","author":"enterpriseam admin","date":"3 September 2024","format":false,"excerpt":"Good afternoon, friends. It\u2019s another busy day for business news in Egypt, with the release of S&P Global\u2019s Egypt PMI for August, which showed activity growing after years in contraction. THE BIG STORY TODAY- We\u2019re finally growing: Egypt\u2019s non-oil private sector activity expanded in August for the first time in\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/9\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584730,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/04\/this-evening-pmi-inches-down-again-in-march-as-egp-inflation-weigh-on-private-sector-activity\/","url_meta":{"origin":666432,"position":3},"title":"THIS EVENING: PMI inches down again in March as EGP + inflation weigh on private-sector activity","author":"enterpriseam admin","date":"4 April 2023","format":false,"excerpt":"Good afternoon, ladies and gents, and happy hump day. We\u2019re looking at a Goldilocks news day so far \u2014 not quite a slow cycle, but nowhere near a torrential downpour \u2014 which gives us hope that the Ramadan news slowdown might be on its way. THE BIG STORY TODAY Private\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2022\/10\/488.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676669,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/03\/non-oil-private-sector-activity-hits-quickest-pace-in-five-years\/","url_meta":{"origin":666432,"position":4},"title":"Non-oil private sector activity hits quickest pace in five years","author":"enterpriseam admin","date":"3 December 2025","format":false,"excerpt":"Good afternoon, folks, and welcome to the home stretch. It\u2019s still a slow one in the press, but we see the makings of a busy coming week brewing.THE BIG STORY TODAY- ? Non-oil private sector activity jumped back into the green in November, breaking a nine month stretch in contraction\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2025\/1\/1530.jpg?fit=%2C&ssl=1&resize=350%2C200","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":666432,"position":5},"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 "Economy"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666432","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=666432"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666432\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/666430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666433"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666432"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666432"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}