CAIRO – 6 July 2021: IHS Markit Egypt Purchasing Managers’ IndexTM (PMI) recorded 49.9 in June, slightly below the neutral level at 50, up from 48.6 in May. "A second successive rise brought the Egypt PMI almost to the 50.0 growth mark in June, posting 49.9 to record its highest reading in seven months. According to the data, concerns surrounding inflationary pressures were again marked in June, as input prices rose at the quickest pace since August 2019. This was almost solely led by a sharp uptick in raw material prices, with iron, copper and plastics among those reported up in price. This was often linked to hopes of an improvement in market conditions as COVID-19 restrictions are ended,” it added.

Source: Egypt Today July 06, 2021 14:15 UTC