Egypt Non-Oil Private Sector PMI Falls to 3-Month Low

The S&P Global Egypt PMI declined to 48.8 in September 2025 from 49.2 in August, signaling the steepest contraction in non-oil private sector activity since June and marking the seventh consecutive month of decline. The downturn was driven by the sharpest drop in new orders in five months, amid subdued economic conditions, rising prices, and increased wage pressures. Employment was broadly unchanged, ending a two-month streak of job creation, due to a lack of new work. Purchasing activity also declined for the seventh straight month, although only modestly. On the price front, input cost inflation eased to a six-month low, supported by an improved exchange rate against the US dollar and its positive impact on import prices. Meanwhile, output charges increased as firms passed on higher costs to customers, although the rate of inflation softened compared to August. Finally, business sentiment weakened to one of the lowest levels in the series' history.