Egypt In-Focus — PMI sees its biggest slump in 2 years; trade balance deficit falls by 53%

Follow-ups -eshrag News:

Wed, 2022-07-06 20:39

CAIRO: Sharply rising prices and currency devaluation have resulted in Egypt’s non-oil private sector’s biggest drop in two years in June. Additionally, the country’s trade balance deficit fell by 53 percent during April. 

Egypt’s non-oil private sector

Egypt’s non-oil private sector has seen its biggest drop in two years during the month of June, in the face of sharply rising prices and a devalued Egyptian pound, according to the S&P Global Purchasing Managers’ Index. 

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Business & Economy

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