Purchasing Managers Index
According to S&P Global data, the index was up from 45.5 in January to signal a softer downturn.
The index signaled a solid deterioration in business conditions, albeit one that was the joint-weakest for seven months, it revealed.
The PMI for the activity of the non-oil private sector increased from 46.4 points in July to 47.6 points in August.
The PMI rose by 20 points from its lowest level in April during the peak of the coronavirus (COVID-19) pandemic.
Egypt’s non-oil sector resumes contraction: PMI.
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