print logo

NASDAQ: Egypt's non-oil business sector activity shrinks in March

Businesses registered improved export orders for the third consecutive month, a survey showed on Tuesday.
03.04.18 | Interesting article at NASDAQ

Egypt's non-oil private sector activity contracted again in March although businesses registered improved export orders for the third consecutive month, a survey showed on Tuesday.

The Emirates NBD Egypt Purchasing Manager's Index (PMI) for the non-oil private sector fell to 49.2 from February's reading of 49.7, shying further away from the 50 mark that separates growth from contraction.

Output, which stood at 49.3, registered a second deterioration in March although the contraction rate had improved from the previous month, the survey showed.