Egypt’s non-oil economy suffers deepest downturn in 3.5 years as demand collapses

RIYADH: Egypt’s non-oil private sector contracted at its sharpest pace in nearly three-and-a-half years in June as demand weakness intensified and supply disruptions persisted, data showed. The headline S&P Global Egypt Purchasing Managers’ Index fell to 46 in June from 47.1 in May, marking a sixth straight month below the neutral 50 threshold and the lowest reading since January 2023.

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