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flag Egypt's private sector contracts for fourth month, PMI hits lowest level at 48.8, amid weak demand and job cuts.

flag Egypt's non-oil private sector continued to struggle in June, with the PMI dropping to 48.8, its lowest level. flag This marks the fourth month of contraction, driven by weaker demand and a significant drop in purchasing activity. flag Employment also fell for the fifth month, with business sentiment hitting a record low due to regional instability. flag However, input costs softened, providing some relief to inflation pressures.

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