New orders and production declined at a sharper pace during June, leading to a significant reduction in purchasing activity—one of the steepest drops recorded over the past year.
The seasonally adjusted S&P Global Egypt Purchasing Managers’ Index (PMI) climbed to 49.5 in May from 48.5 in April.
Input prices in the non-oil economy rose at the fastest pace in four months during April, following a significant slowdown in March when inflation had reached a 58-month low.
The headline PMI, which measures business activity across the non-oil private sector, fell to 49.2 in March from 50.1 in February, signaling a mild contraction.
Companies reported a sustained recovery in customer demand, marking the first consecutive improvement in business conditions in over four years.
