Egyptian business sees fastest growth in three months in December: PMI

Reuters    Translate This Article
6 January 2015

On 6 January 2015 Reuters reported: Business activity in Egypt expanded at its fastest rate in three months in December, a survey showed on Tuesday, with rising output and export demand bolstering a fragile economic recovery. The HSBC Egypt Purchasing Managers Index (PMI) for thenon-oil private sector rose to 51.4 points in December, from 50.7 points the previous month, reaching its highest level since registering a near-record 52.4 points in September. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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