Cairo - Mubasher: MubasherTrade Research announced on Wednesday launching a monthly brief, featuring a newly-introduced Macro Monitor Index (MMI).
The index aims to assess the overall economic atmosphere through monitoring monthly data of main vital indicators.
The research unit in MubasherTrade has picked various indicators that reflect different aspects of the economy that are regularly updated on a monthly basis, namely the Central bank of Egypt’s Net International Reserves (NIR), the Purchasing Managers’ Index (PMI), the benchmark index of the Egyptian Exchange (EGX30), the exchange rate of the US Dollar (USD) to the Egyptian Pound (EGP), the or One-month Non-Deliverable Forwards (NDFs), as well as the Credit Default Swaps (CDS), and the change in monthly inflation.
According to the most recent data, the research firm sees the index increasing from 66.67 in December 2017 to 83.33 in January 2018, implying an improvement in five of the six pillars measured.
