Egypts Ranking
While downturns in output and new business were observed across various sectors, wholesale and retail companies were particularly affected, experiencing significant declines
The S&P Global Egypt Purchasing Managers' Index (PMI) revealed a decrease from 49.2 in August to 48.7 in September.
The downgrade “reflects the increase in Egypt’s external financing risks due to the country’s high external financing needs and risks to the sufficiency and timeliness of financing inflows.