FOREX TradingCharts.com

Financial News: Egypt Non-Oil Private Sector Contraction Continues In Sept

Egypt Non-Oil Private Sector Contraction Continues In September

10/03/2017 - 02:10:00 (RTTNews)

(RTTNews) - Egypt's non-oil private sector activity deteriorated further in September, but firms were strongly optimistic towards growth prospects, survey figures from Emirates NBD and IHS Markit showed Tuesday.

The seasonally adjusted Emirates NBD Egypt Purchasing Managers' Index, or PMI, dropped to 47.4 in September from 48.9 in August. Any reading below 50 suggests contraction in the sector.

Among components, both output and new orders fell at a faster rate in September as domestic demand remained weak, while job shedding accelerated to the fastest in eight months.

"However, businesses were more upbeat about the outlook for the coming year, with expectations for as a more stable currency and lower inflation," Khatija Haque, Head of MENA Research at Emirates NBD, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Turkey Consumer Confidence At 8-Month Low (04 min(s), 09 sec(s) ago)
(RTTNews) - Turkey's consumer confidence declined further in October to the weakest level in e ...Full Story»

Denmark Consumer Confidence Falls Slightly In October (36 min(s), 09 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened for the third straight month in October, th ...Full Story»

Swiss M3 Rises Most Since Early 2014 (38 min(s), 09 sec(s) ago)
(RTTNews) - Switzerland's money supply increased the most since early 2014, the Swiss National ...Full Story»

Home Prices Increase In Fewer Chinese Cities In September (01 hr(s), 57 min(s), 09 sec(s) ago)
(RTTNews) - Home prices increased in fewer Chinese cities in September, figures from the National ...Full Story»

Singapore Inflation Steady At 0.4% (02 hr(s), 37 min(s), 09 sec(s) ago)
(RTTNews) - Singapore's consumer prices grew at a steady pace in September as higher services ...Full Story»

Japan Leading Index Strengthens More Than Estimated In August (02 hr(s), 44 min(s), 09 sec(s) ago)
(RTTNews) - Japan's leading index improved more than initially estimated in August, latest fig ...Full Story»

South Korea Producer Price Inflation Accelerates In September (03 hr(s), 20 min(s), 09 sec(s) ago)
(RTTNews) - South Korea's producer price inflation accelerated further in September, prelimina ...Full Story»

Squeeze On UK Household Finances Moderate In October (03 hr(s), 49 min(s), 09 sec(s) ago)
(RTTNews) - The squeeze on UK household finances softened in October, data compiled each month by ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Turkey Consumer Confidence At 8-Month Low

10/23/2017 - 03:53 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence declined further in October to the weakest level in e ...Full Story>>

Denmark Consumer Confidence Falls Slightly In October

10/23/2017 - 03:21 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened for the third straight month in October, th ...Full Story>>

Swiss M3 Rises Most Since Early 2014

10/23/2017 - 03:19 AM (RTTNews)
(RTTNews) - Switzerland's money supply increased the most since early 2014, the Swiss National ...Full Story>>

Home Prices Increase In Fewer Chinese Cities In September

10/23/2017 - 02:00 AM (RTTNews)
(RTTNews) - Home prices increased in fewer Chinese cities in September, figures from the National ...Full Story>>

Singapore Inflation Steady At 0.4%

10/23/2017 - 01:20 AM (RTTNews)
(RTTNews) - Singapore's consumer prices grew at a steady pace in September as higher services ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.