06 Feb 2022

IHS Markit’s latest PMI (Purchasing Managers’ Index) reading for January 2022 showed that Egypt’s score declined to 47.9 versus 49.0 in December 2021. This was due to output and new orders decreasing. The waning demand was exacerbated by marked increases in input and shipping costs, a small portion of which had to be passed on to customers. Despite that, businesses voiced confidence that they will be able to get through this difficult economic phase and grow their business within the coming 12 months.

(Source: IHS Markit (English), Zawya (English), Business Today Egypt (English), Arab News (English), al-Maal, Amwal al-Ghad, Mubasher, Masrawy, al-Sharq Business, al-Arabiya, Euronews)