03.07.2018 06:44:05

Egypt Non-Oil Private Sector Contracts Further

(RTTNews) - Egypt's non-oil private sector activity deteriorated for the second straight month in June, though marginally, survey figures from IHS Markit showed Tuesday.

The seasonally adjusted Emirates NBD Egypt Purchasing Managers' Index, or PMI rose to 49.4 in June from 49.2 in May.

However, any reading below 50 suggests contraction in the sector.

Among components, new orders and employment both contracted at softer rates, offsetting the accelerated reduction in output.

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