Egitto PMI Industriale

The S&P Global Egypt PMI edged up to 49.0 in October 2024 from 48.8 in the previous month, marking a second consecutive month of contraction and indicating a deterioration in the private sector activity. Output and new orders continued to decline amid weak market conditions, especially in the construction sector. Meanwhile, employment grew for the fourth month, with job creation reaching its fastest pace since May. Inventory levels also rose as firms built stocks in response to ongoing cost concerns, although input purchases declined for the first time in three months. Regarding prices, input cost inflation eased from September's six-month high, though selling prices remained high due to currency and material cost pressures. Finally, non-oil companies expected a rise in business activity over the next 12 months, though confidence was weak, with the index near a historic low.