FX.co ★ Egypt Non-Oil Private Sector Contraction Eases

In October 2025, the S&P Global Egypt PMI increased to 49.2 from September's 48.8, signaling a slower contraction in the non-oil private sector and the smallest decline in business activity over eight months. The rate of decline in new orders was the slowest in five months, indicating early signs of market stabilization and improved performance in the manufacturing realm. Output volumes saw a minor contraction, while purchasing activity and employment levels were mostly stable, following a period of consistent decline. When examining costs, input prices rose at the quickest pace in five months, primarily due to the most substantial wage increase since October 2020, with firms adjusting salaries to match higher living expenses. Although business confidence improved compared to September, it remains below the historical average, as firms are still wary of ongoing cost pressures and the uncertain economic landscape.