Egypt PMI Rises to 46.4 in July 2022

Giving More to Your Wealth
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)

An opportunity to make a difference!

Why join Acumen?

Our number one focus in Acumen is our performance and our greatest asset is our people. We look for a team that is self-motivated, appreciates challenge and innovative. We tend to always pick the right person in the right position.

apply now