Standard & Poor
Egypt’s PMI rose to 50.4 into growth territory in August, breaking an almost three-year streak in which it remained under 50.0 – which signals deterioration in economic conditions – since November 2020.
Compared to April’s 47.4, the country’s PMI for May showed a solid trajectory towards growth, barely under the 50 threshold for growth
Egyptian PM lauds EU partnership, World Bank financing in bolstering economic reforms and stability.
S&P attributed the drop to falling sales volumes and rising price pressures, leading to the 38th consecutive month in which Egypt’s non-oil private sector activity narrowed
The PMI's sub-index for overall input prices fell to 58.7 in April from March's 62.8, and that for purchase prices went down to 59.9 from 64.3
Since March 2022, the three banks released multiple types of high-yield CDs, ranging from annual yields of 18 percent to 25 percent
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