مؤشر PMI في مصر يواصل الانكماش للشهر 41 على التوالي

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Transcript

00:00 For the past month, the private sector's activities in Egypt have been recorded as

00:06 "out of control" in April.

00:09 But what are the reasons and details?

00:11 We will stop with this report of S&P Global, which showed the out of control of the private

00:16 sector activities in Egypt, recorded at 47.4% in April.

00:21 This is the second lowest level since a full year.

00:25 But for the operations and main factors that affected the private sector, there was a

00:31 decrease in the new demand rate as a result of the local demand, as well as the stability

00:37 of the export demand.

00:39 But despite the steps taken by the government to reduce the high inflation rates, we noticed

00:45 a slowdown in inflation data during March, which recorded 33.7% and consequently there

00:52 was a clear decline in inflation rates as a result of the financial measures to raise

00:58 the interest rates by the Egyptian central bank to almost 600 points.

01:02 The employment rate of the main sectors that we focus on was also recorded for the third

01:08 time in four months as a result of the absence of pressure on production capabilities.

01:13 But if we go back to the production costs that we have seen for several months in its

01:18 growth, we notice a decrease in the inflation rate of production costs to its lowest level

01:23 in three years as a result of the improvement in foreign currency availability and also

01:28 with the support of government decisions.

01:30 The availability of foreign currency that Egypt has witnessed also goes back to international

01:35 funds and also the obtaining of Egypt a loan from the International Monetary Fund, which

01:39 raised the value of this fund to $8 billion.

01:42 Also, the support of the influx of foreign currency flows in addition to investment projects

01:46 in the region, which also has a dollar value that exceeds the value of the capital project

01:50 for more than $35 billion.

01:52 There was also for the data in the improvement that we have seen in the expectations of the

01:57 commercial activity for its highest level in six months, even for the confidence of companies

02:02 today in the Egyptian economy, which has become more confident in the coming year.

02:06 And therefore, there is optimism in the stability of the exchange rate in addition to reducing

02:11 the losses that have been incurred by the government in the process of funding the Junaid.

02:16 We also noticed that the foreign currency reserves in Egypt also recorded a rise during

02:22 the past period, reaching its highest level in four years.

02:26 So, these are the main factors that the Egyptian economy is facing and also the reality of

02:31 the private sector, not the oil sector.

02:33 [BLANK_AUDIO]