Thndr Claps
  • Egypt
  • Saudi
  • Thinkers
  • العربية
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Economy 🏙 » PMI Index rises to 46.4 points ↗️

PMI Index rises to 46.4 points ↗️

by Omar El Shorafa
August 3, 2022
مؤشر مديري المشتريات، ثاندر كلابس

The Clap
In July 2022, the PMI index rose to 46.4 points, after reaching 45.2 in June 2022, its lowest level in 2 years.

The Deets
The S&P Global report stated that regardless of the small increase in the PMI index,  the non-oil economy is still in a decline but at a lower rate than in June.

Impact of Inflation
Although there are indicators that show inflation has decreased, the companies surveyed in the study indicated a decline in demand due to inflation, leading them to decrease production levels.

Some companies reported an increase in production costs due to supply chains slowing down and an increase in the EGP/USD exchange rate. 

Employment
Employment levels were stable in July, ending 8-months of job losses. Expectations for production levels remain weak. Some companies stated they are looking to cut their workforce while others had confirmed that there are new hires.

To read the full S&P Global report, click here.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Egypt’s inflation rates reached a record high in June
Economy 🏙

Highlights of the Egyptian Cabinet’s press conference

by Ahmad Diaaeldin and Shams Abbas
July 11, 2023
Economy 🏙

Making sense of El-Sisi’s latest comments

by Shams Abbas
June 15, 2023
Economy 🏙

Goldman: Egypt requires $5B for flexible FX readiness

by Shams Abbas
June 14, 2023
Economy 🏙

Egypt seeks BRICS membership, according to the Russian ambassador

by Shams Abbas
June 14, 2023
Economy 🏙

Members of Parliament greenlight new FY budget

by Shams Abbas
June 13, 2023
Economy 🏙

El Moselhy denies Indian credit line given to Egypt

by Shams Abbas
June 13, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • Egypt
  • Saudi
  • Thinkers
  • العربية

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)