Cityscape in Egypt

Egypt PMI October 2021

Egypt: PMI drops to five-month low in October; conditions continue to worsen

The IHS Markit Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—inched down to a five-month low of 48.7 in October from September’s 48.9. Consequently, the index dropped further below the 50-threshold, where it has been for the past 11 months, and signaled a quicker overall deterioration of business operating conditions compared to the previous month.

October’s slide was largely due to output dropping at the quickest rate since April, amid supply bottlenecks. Moreover, new orders dopped marginally, weighed on by falling export orders. That said, overall demand was strong and sales continued to improve, prompting an increase in employment levels. Turning to prices, input cost inflation rose to an over three-year high, which in turn led to a sharp increase in output prices. Higher output prices dampened demand somewhat in some sectors. Lastly, worsening supply chain disruptions and the risk of high inflation weighed on demand, dragging on firms’ optimism as confidence recorded its largest-ever monthly drop.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest