Egypt buyers' managers at 47.1 points
The non-oil private sector in Egypt continued to experience contraction in May, with the Purchasing Managers' Index (PMI) registering at 47.1 points. This is a slight improvement over April but remains below the 50-point threshold that distinguishes growth from contraction. Rising input costs, particularly for fuel and electricity, led to higher selling prices and the fastest rate of job cuts since 2020. Supply chain disruptions and weaker demand contributed to this decline, although business confidence reached its highest level since August 2024.
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