Non oil Private sector
The headline PMI dropped to 48.8, down from 49.2 in August, marking its weakest performance in three months
January's figure represents a notable rebound and suggests renewed confidence in Egypt's non-oil private sector as 2025 begins.
The latest data from the PMI sub-components presented a mixed picture, with the output and new orders indices being the main factors keeping the overall index below the neutral mark.
Egypt’s non-oil private sector is on the cusp of pulling out of contraction territory, according to the latest PMI report by S&P Global for June 2024
It clarified that businesses saw demand slump in the face of sharply rising prices, a devalued pound and material shortfalls.