Decline in Egypt’s non-oil private sector eases in June- PMI – Reuters
Decline in Egypt’s non-oil private sector eases in June- PMI – Reuters
CAIRO, July 5 (Reuters) - Activity in Egypt's non-oil private sector continued to decline in June although at a slower pace as inflationary pressures eased slightly, a survey showed on Wednesday.
The S&P Global Egypt Purchasing Managers' Index (PMI) rose to 49.1 in June from 47.8 in May, but was still below the 50.0 threshold that separates growth from contraction for a 31st consecutive month.
"Egypt's non-oil private sector economy remained under pressure at the end of the second quarter," S&P Global said.
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