Macro Analysis /
Egypt

Egypt: Contraction in non-oil economy deepens in April, PMI drops to 47.7

    EmergingMarketWatch
    6 May 2021
    • Output and new orders contract further; job losses continue
    • Business outlook weakened markedly in April
    • Private sector demand has remained weak and economic recovery is jobless
    • Input inflation accelerates to 1.5 year high, leading to higher output prices