Egypt’s private economic activity ebbs at slower rate in June – PMI – ZAWYA

Egypt’s private economic activity ebbs at slower rate in June – PMI – ZAWYA

Egypt's private economic activity ebbs at slower rate in June - PMI | ZAWYA MENA Edition HomeEconomyArticleEgypt's private economic activity ebbs at slower rate in June - PMI Private non-oil activity has declined every month since July 2019    A general view of buildings by the Nile River in Cairo, Egypt September 26, 2019.CAIRO  - Egypt's non-oil private sector contracted in June at its slowest pace since the coronavirus pandemic first hit the economy in March, but remained in sharp decline, a survey showed on Monday.IHS Markit's Purchasing Managers' Index (PMI) for the non-oil private sector came in at 44.6 last month, up from 40.7 in May but still far below the 50.0 threshold that separates growth from contraction.Private non-oil activity has declined every month since July 2019.IHS Markit's Purchasing Managers' Index (PMI) for the non-oil private sector came in at 44.6 last month, up from 40.7 in May but still far below the 50.0 threshold that separates growth from contraction.CAIRO  - Egypt's non-oil private sector contracted in June at its slowest pace since the coronavirus pandemic first hit the economy in March, but remained in sharp decline, a survey showed on Monday."While signalling a sharp decline in business conditions,