Egypt's Non-Oil Private Sector Contracts Modestly in September, PMI Shows

Egypt's non-oil private sector contracts modestly in September, PMI shows

S&P Global's Egypt Purchasing Managers' Index slipped to 48.8 last month from 49.2 in August, marking the lowest reading in three months

Egypt’s Non-Oil Private Sector Contracts Slightly

Egypt’s non-oil private sector saw a slight contraction in September, reflecting persistent economic headwinds and a sharp decline in new orders, according to the latest S&P Global Purchasing Managers’ Index (PMI) report.

Egypt’s Private Sector Faces Renewed Slowdown In September

Business activity in Egypt’s non-oil private sector contracted in September, as new orders declined at the fastest rate in five months, according to new survey data released on Sunday. The S&P Global Egypt Purchasing Managers’ Index (PMI) slipped to 48.8 from 49.2 in August, marking the lowest reading in three months and remaining below the 50 threshold that separates growth from contraction. The latest downturn was driven by a sharp fall in new…