CAIRO – 5 September 2021: IHS Markit Egypt Purchasing Managers’ IndexTM (PMI) rose to 49.8 in August, up from 49.1 in July. “Input prices rose at the quickest rate for two years, leading to a sharp increase in output charges amid worries that escalating costs would dampen firms’ profits. "However, PMI data also showed the widespread risk of inflation, as input prices picked up at the fastest rate since August 2019. Consequently, purchasing activity rose at the strongest rate on record, although global supplier delays meant that firms are yet to see many of these inputs arrive,” Owen added. Purchasing activity expanded for the first time in nine months and at the quickest pace since the series began in April 2011.
