Egypt PMI remains in contraction territory during January
Egypt’s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. O
ngoing reductions in output and new orders underpinned the downturn, while greater cost pressures led firms to raise their average prices charged at the sharpest rate in the survey history to date. Firms were also reluctant to take on additional staff, and employment dipped for the twentieth straight month.
“January’s survey provides little evidence that a...