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Egypt's private sector contracts for fourth month, PMI hits lowest level at 48.8, amid weak demand and job cuts.
Egypt's non-oil private sector continued to struggle in June, with the PMI dropping to 48.8, its lowest level.
This marks the fourth month of contraction, driven by weaker demand and a significant drop in purchasing activity.
Employment also fell for the fifth month, with business sentiment hitting a record low due to regional instability.
However, input costs softened, providing some relief to inflation pressures.
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Los contratos del sector privado de Egipto por cuarto mes, el PMI alcanza su nivel más bajo en 48.8, en medio de una demanda débil y recortes de empleos.