Egypt’s March 2022 PMI Drops to 46.5

Giving More to Your Wealth
05 Apr 2022

Egypt’s PMI (Purchasing Managers’ Index) for March 2022 fell to a score of 46.5, down from 48.1 in February 2022. Weighing heavily on business activity was the Russia-Ukraine conflict, with uncertainty and higher prices causing customers to cancel new orders. Consequently, output fell sharply, all the way down to levels seen in the midst of the Covid pandemic lockdowns. Industrial sectors were hit the hardest due to their exposure to rising energy and raw material prices. Wholesalers and retailers were also affected due to rising food prices. Companies faced difficulty in passing on cost increases to customers due to muted demand. As a result, firms lowered their input purchases significantly. (Source: S&P Global (English), Reuters (English), Zawya (English), al-Ahram (English), Egypt Today (English), Amwal al-Ghad, al-Shurouk, Masrawy, CNBC Arabia, al-Sharq Business, 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