Cityscape in Egypt

Egypt PMI February 2023

Egypt: PMI rises to 10-month high in February

The S&P Global Purchasing Managers’ Index (PMI) came in at 46.9 in February, up from January’s 45.5. As a result, the index remained below the 50.0 no-change threshold, signaling a continued deterioration in private sector operating conditions from the previous month.

In February, the rates of contraction in new orders, purchasing and output eased yet remained marked, while business sentiment was near to a record low. Meanwhile, input cost inflation ebbed, which fed through to softer output price inflation.

David Owen, senior economist at S&P Global Market Intelligence, said:

“Continued demand weakness, persistent inflation and ongoing import controls to restrict FX flows mean that companies are likely to face a prolonged downturn in 2023. While initial signs of a pick-up in the global economic landscape may help to bring some stabilisation, S&P Global Market Intelligence believes that FX markets are not yet at their equilibrium state and that inflation will likely remain in double-digits this year.”

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 X Download Fullscreen