Egypt Non-Oil Private Sector Contraction Deepens

The S&P Global Egypt PMI declined to 48.8 in June 2025 from May’s three-month high of 49.5, indicating a steeper contraction in the non-oil private sector, though it remained softer than the series average.

The latest reading also marked the fourth straight month of decline due to faster falls in new orders and output.

In response, firms reduced purchasing activity for the fourth consecutive month, with the pace of decline the fastest in nearly a year.

Total inventories stalled in June.

Employment fell for the fifth consecutive month, though the rate of job shedding was fractional and the softest observed in the current sequence.

Regarding prices, input cost inflation eased to a three-month low, while output cost inflation slowed from May's seven-month high.

Looking ahead, business sentiment weakened to the lowest on record, reflecting subdued hopes for new orders amid concerns over geopolitical risks.