03 Aug 2022

Egypt’s PMI for July 2022 has shown notable improvement, rising to 46.4 from 45.2 in June 2022. The survey showed that output and new orders fell at a slower pace, while input and output prices also rose at a more moderate rate. Furthermore, employment levels showed stability. Businesses saw a softening in commodities prices, which alleviated inflationary pressures and led to fewer companies experiencing higher input costs.

Yet, demand has still not picked up, resulting in a negative outlook from businesses for the coming year, as well as low output forecasts. While the overall picture of business conditions is still in a phase of decline, the lowest point might have passed. (Sources: S&P Global (English) (Arabic), Reuters (English), Zawya (English) (Arabic), al-Ahram (English), Egypt Today (English), Business Today Egypt (English), Sada el-Balad (English), Mubasher, Amwal al-Ghad, al-Borsa, Hapi Journal, Economy Plus, al-Masry al-Youm, Masrawy, al-Sharq Business, CNBC Arabia, al-Arabiya)