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Thndr Claps » EGY Claps » Economy 🏙 » Egypt’s Purchasing Managers Index Falls to 9-Month Low👨‍💼

Egypt’s Purchasing Managers Index Falls to 9-Month Low👨‍💼

by Shams Abbas
February 5, 2022

Egypt’s January 2022 purchasing managers index (PMI) recorded its lowest levels since April 2021.

PMI is an economic indicator derived from monthly surveys of private sector companies to measure business activity for non-oil companies.

More Details🧐 January 2022’s PMI recorded 47.9 points, down from 49 points the month before.

The decline in PMI is attributed to weaker demand driven by inflation & supply chain issues.

Why is this Important🤔 This marks the 14th consecutive decline in Egypt’s PMI.

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