Wednesday 21 November 2018
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dailystar lb - 3 month ago

Egypt private sector shows growth rebound on stronger demand

Egypt’s private sector activity kicked off the new fiscal year with an expansion, driven by an uptick in demand that offered additional evidence of an economic rebound. Non-oil business activity reached an eight-month high in July, the Emirates NBD Purchasing Managers’ Index for the whole economy showed. The index climbed to 50.3 from 49.4 in June, with readings above 50 signaling an expansion.

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