egypts pmi signals economy may be on mend after devaluation
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Egypt's PMI signals economy may be on mend after devaluation

Egypt Today, egypt today

Egypt Today, egypt today Egypt's PMI signals economy may be on mend after devaluation

Cairo - MENA

Economic activity for Egypt’s non-oil private sector accelerated the most since 2014, a sign that growth may be recovering after authorities abandoned currency controls and secured a $12 billion IMF loan deal, Bloomberg said on Sinday.

The Emirates NBD Purchasing Managers’ Index (PMI) for the whole economy climbed for the third month in a row to 46.7 in February from 43.3 in January. The New Orders sub-index rose to 44 from 39.2.

While readings below 50 indicate the economy is still in contraction, the magnitude of the gain signals an improvement in business confidence three months after Egyptian policy makers floated the pound to ease a crippling dollar shortage.

Authorities have also cited rising dollar inflows in the banking system and an influx of foreign investments in government debt as other signs the reform plan is working.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

egypts pmi signals economy may be on mend after devaluation egypts pmi signals economy may be on mend after devaluation



GMT 21:06 2017 Monday ,01 May

Will Smith at all-star Jazz Day in Cuba

GMT 06:25 2017 Monday ,27 November

Bali raises volcano alert to highest level

GMT 12:45 2018 Monday ,26 November

Israeli forces close entrance of village in Ramallah

GMT 12:14 2018 Monday ,08 October

HM King congratulates Ugandan President

GMT 13:49 2017 Thursday ,17 August

Alibaba posts 94% surge in quarterly profit

GMT 08:47 2017 Saturday ,10 June

CDD responds to 236 various incidents

GMT 00:31 2015 Saturday ,16 May

Canada plans 30% CO2 emissions cut by 2030

GMT 03:31 2017 Wednesday ,22 February

‘Man-made’ climate change a major woman’s problem

GMT 10:42 2017 Thursday ,16 November

Algeria FM leaves Cairo following tripartite meeting

GMT 11:08 2017 Tuesday ,03 October

Moscow, Riyadh willing to boost cooperation

GMT 08:40 2017 Thursday ,31 August

Bahrain Bourse daily trading performance

GMT 18:23 2017 Wednesday ,29 March

Ghazali's ALTARSHEED

GMT 08:22 2012 Wednesday ,04 July

Berenice Marlohe in racy shoot

GMT 15:47 2012 Friday ,20 January

2012 Honda Civic

GMT 10:37 2012 Friday ,13 July

2013 Ford Mustang

GMT 13:17 2011 Monday ,17 October

Hip hop stars to take centrestage at Yas Island

GMT 12:19 2017 Thursday ,27 July

Libya asks Italy to combat human trafficking

GMT 13:11 2017 Wednesday ,04 October

Jacques Dubochet (Switzerland), Joachim Frank (US)

GMT 12:26 2017 Thursday ,02 November

CAPRICORN (December22nd-January20th)

GMT 22:21 2017 Tuesday ,19 December

Haifa Wahby apologized for not receiving award

GMT 14:56 2017 Tuesday ,17 October

Palestinian cabinet decries Sinai terror attack
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday