Unemployment in Egypt
Egypt - UnemploymentEconomic growth should have stayed elevated in the first quarter of 2019, powered by higher government spending on investment and public sector wages. This seems to be translating into upbeat sentiment, as reflected by the non-oil private sector PMI climbing above the 50-mark for the first time in April in eight months, while Moody’s upgraded its credit rating for Egypt to B2 from B3 in the same month. The rating agency’s decision on 17 April followed the government’s primary fiscal balance swinging to a surplus in July–February and was grounded on expectations of continued improvement going forward. Meanwhile, in the political arena, Egyptians voted over 20–22 April to extend presidential terms from four to six years and to increase the maximum number of terms to three from two. This means President el-Sisi could now remain in power until 2030.
Egypt - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Egypt Unemployment Chart
Source: Central Bank of Egypt.
|Bond Yield||16.05||0.0 %||May 13|
|Exchange Rate||17.08||0.0 %||May 13|
|Stock Market||1,344||0.53 %||May 13|
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May 5, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, rose to 50.8 in April from 49.9 in March, coming above the 50-threshold that separates expansion from contraction for the first time in eight months. The increase in April was driven by the first rise in output since November 2017.
April 10, 2019
Consumer prices rose 0.8% in March compared to the previous month, down from the 1.7% rise in February.
April 7, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) rose to 49.9 in March from 48.2 in February, representing the highest reading since August 2018.
April 1, 2019
On 27 March, the government of Egypt—which is currently pursuing a three-year IMF-backed reform program to strengthen its finances—approved its budget for fiscal year 2020, which covers the period from July 2019 to June 2020.
March 28, 2019
The Central Bank of Egypt (CBE) left all interest rates unchanged at its monetary policy meeting on 28 March.