Non-oil sector in Egypt stabilizes in July

04 Aug 2017

(MENAFN) The downturn in the whole health of Egypt’s non-oil private sector eased last month with new orders stabilizing amid the month.

However, output declined at the slowest pace in 12 months, thereby leading to a marginal drop in input buying.

Additionally, firms reduced their staffing levels, while new export orders increased for the fourth consecutive month.

Moreover, the fall in purchasing activity slowed to a marginal pace amid the month, while a decline in buying activity was reported.



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