Growth in Egypt’s Non-Oil Private Sector Signals Economic Recovery ...Egypt

Egyptian Streets - News
Growth in Egypt’s Non-Oil Private Sector Signals Economic Recovery
Egypt’s non-oil private sector surged to its highest level in almost three years in June, as companies experienced a notable increase in order volumes for the first time since August 2021, the latest Egypt Purchasing Managers’ Index report from Standard and Poor’s (S&P) Global outlined. Non-oil private sector companies’ sales increased as the Purchasing Managers’ Index (PMI), an indicator of industrial output, climbed to 49.9 in June, an increase from 49.6 in May. Any PMI reading higher than 50 indicates economic growth and readings below 50 signal contraction,  S&P Global reported. According to The Economic Times, a marked uptick in the PMI reading from one month to the next suggests accele

Hence then, the article about growth in egypt s non oil private sector signals economic recovery was published today ( ) and is available on Egyptian Streets ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Growth in Egypt’s Non-Oil Private Sector Signals Economic Recovery )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News