Dollar Squeeze Drags Egypt PMI to 26-Month Low as Saudi Improves

  • PMI drops to 45 in Nov. as output falls across private sector
  • Saudi PMI rose to 56.3, recovering from a six-year low

Egypt’s non-oil business activity in the private sector contracted for a third month in November as the shortage in foreign currency threatens to undermine the nascent recovery of North Africa’s largest economy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.