The Ministry of Planning and Economic Development reviews the results of the PMI report for July 2022

The Ministry of Planning and Economic Development reviewed the results of the Purchasing Managers Index (PMI) report for July 2022, which is a monthly economic indicator that is calculated from surveys of private sector companies that do not operate in the oil sector.



 The Purchasing Managers' Index reflects the performance of 400 non-oil-producing private sector companies that include the manufacturing, construction, services, retail and wholesale sectors.

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, said that the Purchasing Managers' Index is an important economic measure.
El-Said indicated that the last reading of the Egyptian Purchasing Managers' Index rose during July 2022 to reach about 46.4 points, up from 45.2 points in June 2022.
This increase was the largest in more than a year, indicating that the data of the sub-indices constituting the main index indicated an increase in both the production and new orders index by 5.5% and 2.8%.
In addition to the recovery of the new export orders index during July 2022, which rose by about 9%, to reach 52.4 points, compared to June 2022.


The report highlighted that the trade balance achieved its best level in 7 years, and continues to improve despite successive global crises.
The report showed the performance of the trade balance from 2014 to 2021, as it recorded $39.8 billion in 2021, $41.1 billion in 2020, $46 billion in 2019, $52.6 billion in 2018, and 40.3 billion Dollars in 2017, 48.9 billion dollars in 2016, 52.4 billion dollars in 2015, 46.3 billion dollars in 2014.

The report also revealed that Egyptian exports recorded their highest level in 2021, with a value of $43.6 billion, compared to $29.3 billion in 2020, $30.5 billion in 2019, and $29.3 billion in 2018, 26. $3 billion in 2017, $22.5 billion in 2016, $22 billion in 2015, $27.6 billion in 2014.


The Ministry of Planning's report indicated the stability of employment levels during July, as indicated by non-oil-producing companies.


 Data from the Central Agency for Public Mobilization and Statistics (CAPMS) also showed a decline in unemployment rates during the first quarter of 2022 to reach 7.2%, after recording 7.4% during the previous quarter.