Purchasing Managers’ IndexTM
The Egyptian non-oil private sector faced a widening of the supply chain crisis in October, as a lack of inputs led to a solid contraction in output and the sharpest increases in both costs and charges for just over three years.
The index was below the 50.0 neutral mark for the 10th month in a row, signaling a contraction in the non-oil economy.
The latest reading pointed to a slight deterioration in the health of the non-oil sector, and one that was softer than the series trend.
The report said that the recovery in business output - after the downturn caused by the COVID-19 pandemic and associated lockdown measures - lost momentum in the latest survey period.