Egypt’s non-oil private-sector business activity grew slightly in June compared to May’s, but remained in contraction with reductions in output and new orders, a survey showed Tuesday. The PMI for the private sector excluding the oil industry rose to 49.4 in June from 49.2 in May, below the 50 mark, which separates growth from contraction. Output contracted for the second month running, driven by weaker demand, the survey said. Companies that reported a reduction in new orders linked the decline to market stagnation. “June saw a further contraction in the volume of new business received by Egyptian non-oil private sector businesses,” it said.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.