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Egypt’s PMI reaches 46.9 signaling steep downturn in non-oil economy

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Egypt’s PMI reaches 46.9 signaling steep downturn in non-oil economy


RIYADH: Egypt’s Purchasing Managers’ Index reached 46.9 in February, signaling a steep downturn in the country’s non-oil economy, according to credit rating agency S&P Global. It predicts PMI to stay firmly below the 50 neutral mark. However, February’s PMI figure is up from January’s 45.5, which…

#egypt #spglobal #pmi #davidowen #african

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