Egypt non-oil private sector improves in September

Posted on October 16, 2020

• IHS Markit's Purchasing Managers' Index was at 50.4, up from 49.4 in August • Activity in the private non-oil economy expanded first time since July 2019, when the index was at 50.3. • New export orders rose to 55.3 from 53.0 in August, its second highest reading since the index began nearly a decade ago. • Employment continues to shrink with index at 48.8 but better then August index which was at 45.9 • An Index above the 50.0 threshold, separates growth from contraction