New Market Research Report: Egypt Autos Report Q2 2014
We still think there is reason to believe the situation will improve for carmakers based in Egypt in 2014, as the country's PMI reading for December 2013 of 52.0 was its joint second-highest in the 32 months of the survey's existence, following the record 52.5 in November, and only the eighth time it has exceeded 50. Coupled with Toyota Motor's assurance in late 2013 that it intends to commit to manufacturing in the country, this suggests a slightly more optimistic...
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