Egypt’s non-oil economy continues to fall amid inflation

The S&P Global Egypt Purchasing Managers’ Index (PMI) edged up to 46.9 points last April from 46.5 points in March, as inflation continues to affect the country’s non-oil activities.

The reading still records under the 50 threshold limit, marking the second-fastest decline in business conditions since June 2020, according to a press release on Sunday.