Egypt's non-oil private sector growth eased in September, as output and new orders rose at weaker rates, survey figures from Emirates NBD and Markit Economics showed Monday.
The seasonally adjusted Emirates NBD Egypt Purchasing Managers' Index, or PMI, dropped to 50.2 in September from 51.2 in August. However, any reading above 50 indicates expansion in the sector.
Data showed that the overall slowdown was partly driven by an easing in output growth during September.
New orders also increased at a slower pace in September amid reports of political and economic instability.
Employment level in the sector dropped for the fourth successive month in September and the rate of contraction was the fastest since April.
On the price front, input price inflation remained sharp in September, led by higher purchase costs. The weakness of the Egyptian pound versus the US dollar was often cited as the main reason behind the rise in purchasing costs. In contrast, selling prices dropped during the month.
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