Unemployment in Egypt
Egypt - UnemploymentThe economy appears to have had some growing pains in the second quarter of fiscal year 2019—which covered October to December 2018—following a small slowdown in the first quarter. The non-oil private sector was stuck in contractionary territory in November for the third consecutive month, according to survey data. The continued downturn in the sector was led by a decline in output and new orders, although both declines were less pronounced than in October. Meanwhile, a deadly bombing of a tourist bus near the Giza pyramids in late December sent shockwaves through the tourism sector, which remains in recovery-mode after the Arab Spring in 2011 and bombing of a passenger jet near Sharm el Sheikh in 2015. More positively, the World Bank signed off on USD 1 billion of financial support to Egypt on 9 December, adding to the USD 3.2 billion already committed since 2015.
Egypt - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Egypt Unemployment Chart
Source: Central Bank of Egypt.
|Bond Yield||18.00||0.0 %||Jan 14|
|Exchange Rate||17.91||0.0 %||Jan 14|
|Stock Market||1,300||0.53 %||Jan 14|
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January 10, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) ticked up to 49.6 in December from 49.2 in November, which represents a four-month high.
January 10, 2019
In December consumer prices fell 3.39% compared to the previous month, more than the 0.76% decrease in November.
December 27, 2018
At its monetary policy meeting held on 27 December, the Central Bank of Egypt (CBE) left the overnight deposit rate at 16.75%, the overnight lending rate at 17.75% and the main operation rate at 17.25%.
December 10, 2018
In November, urban consumer prices fell 0.76% from the previous month, contrasting October’s 2.59% increase.
December 6, 2018
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) ticked up to 49.2 in November from 48.6 in October.