EGYPT: NON OIL SECTOR DEVELOPMENT.
Summary: Business conditions in the Egyptian non-oil private sector broadly stabilized in January, following a deterioration in the previous month, said Emirates NBD in its latest Egypt PMI survey.
Business conditions in the Egyptian non-oil private sector broadly stabilized in January, following a deterioration in the previous month, said Emirates NBD in its latest Egypt PMI survey. The headline seasonally adjusted Emirates NBD Egypt Purchasing ManagersEe' Index (PMI) EeAu a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy EeAu rose from 48.3 in December to 49.9 in January. This was consistent with a broad stabilization of business conditions across EgyptEe's non-oil private sector. Notably, the latest reading was above its long-run average (48.1). This mainly reflected stabilization in both output and new orders. Concurrently, new export orders registered a renewed rise amid reports of greater demand from international markets. Furthermore, firms engaged in input buying, with growth picking up to the fastest since August 2014. On the price front, rates of both input cost and output charge inflation accelerated. The survey, sponsored by Emirates NBD and produced by IHS Markit, a world leader in critical information and analytics, contains original data collected from a monthly survey of business conditions in the Egyptian private sector.
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|Publication:||EMBIN (Emerging Markets Business Information News)|
|Date:||Feb 28, 2018|
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