
Egypt’s PMI for non-oil private sector rises to 40.7 in May
Sector remains below 50.0 that separates growth, contraction
Sector remains below 50.0 that separates growth, contraction
PMI will continue its downward trend as long as prices decrease, if prices become stable, PMI readings will strengthen again: Pharos
Prioritising exports, easing taxes policy are Egypt’s gateway from PMI contraction zone, says Sherif El-Diwany
Uptick in new orders appears driven by domestic demand, employment readings above 50.0 for first time since 2015
Businesses optimism improves supported by expectations of further investments, new contracts
Improvements in new export orders for third consecutive month, backed by weaker currency
New export orders register renewed rise amid greater demand from international markets
Business confidence hit a 26-month high, signaling strong optimism towards future growth prospects
New export orders grew for its third consecutive month as weaker pound draws interest
Purchasing Managers’ Index extends its downward trajectory from past months
Emirates NBD Egypt PMI continues to signal decline amid steep inflation
Hopes for a stronger recovery heavily depend on a solution to the ongoing foreign exchange liquidity crunch, says Emirates NBD senior economist