Egypt’s non-oil private sector sees slight improvement in latest PMI report

Good afternoon, ladies and gentlemen, and welcome to another enriching issue.

Without further ado, the news…

📍 The non-oil private sector saw a slight improvement in May, with the S&P Global Purchasing Managers’ Index (PMI) rising to 47.1 points 46.6 points in April report (PDF)

The slowdown in private sector activity was driven by a renewed spike in input costs, which dampened demand.

THE BIG STORY ABROAD

🌐 The US-Iran war once again dominates headlines as the two countries exchange strikes in one of the most serious escalations since the fragile ceasefire took effect.

Kuwait was drawn into the conflict after an Iranian drone strike hit its international airport

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