Egypt’s Private Sector Strained by Cost Pressures as Stabilisation Becomes Imperative

CAIRO — Egypt’s non-oil private sector recorded its steepest contraction in more than two years in April, as rising cost pressures and weakening demand weighed on business activity, according to data from S&P Global Market Intelligence. The headline Purchasing Managers’ Index (PMI) fell to 46.6 in April, down from 48.0 in March, remaining well below […] The post Egypt’s Private Sector Strained by Cost Pressures as Stabilisation Becomes Imperative appeared first on The Middle East Observer.