Emirates NBD Purchasing Managers’ Index
Emirates NBD research clarified that Egypt is closing the year on a positive note.
Emirates NBD research clarified that despite reaching the highest rate in three months, “it is still in contraction territory.”
Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) for the non-oil private sector has recorded the lowest level since June.
The neutral level of Emirates NBD Purchasing Managers’ Index (PMI) is 50 which delineates contraction and expansion in the non-oil private sector.
The survey, sponsored by Emirates NBD and produced by IHS Markit, contains data collected from a monthly survey of business conditions in the Egyptian private sector.
Emirates NBD research still anticipates an improvement in the Egyptian economy this year as the negative effects of its IMF-sponsored reforms pass through.
Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) for the non-oil private sector fell to 49.7 in February, compared to 49.9 in January.
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