A survey conducted on Tuesday revealed that for the 28th consecutive month, non-oil private sector activity in Egypt has continued to decline due to restrictions on imports and currency, as well as a significant increase in inflation, which has adversely affected companies.
The S&P Global Egypt PMI ticked down to 46.7 in March 2023, from 46.9 in the previous month, remaining firmly beneath the 50.0 neutral mark.
