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Egypt’s non-oil activity shrinks further in October
November 5th, 2023 - 08:59 GMT

Egypt’s non-oil activity shrinks further in October

ALBAWABA – Egypt’s non-oil activity shrank for the 35th continuous month in October amid rampant inflation, supply chain disruptions and a shortage of foreign currency, the Purchasing Managers' Index (PMI) survey showed Sunday. The S&P Global PMI slipped to 47.9 last from, from 48.7 in September, pointing to an increasingly shrinking economy. "The Egypt PMI pointed to the sharpest deterioration in non-oil business conditions for five months in October," S&P ...
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