Sigma Capital

03-04-2025

Egypt Non-Oil Private Sector Contracts in March

Source: MIST

Trading Economics-


The S&P Global Egypt PMI fell to 49.2 in March 2025 from 50.1 in February, signaling a mild deterioration in operating conditions and marking the first contraction of the year. Sales volumes declined for the first time in three months, with both domestic and international demand weakening. Meanwhile, business activity slowed as firms cut purchases and staff amid weaker orders. Despite this downturn, construction remained a bright spot, showing robust growth in output and new work, contrasting with subdued manufacturing and retail. On the pricing front, input price inflation eased to its slowest pace in nearly five years, supported by a stabilizing Egyptian pound and lower staff costs for the second consecutive month. As a result, selling prices increased only slightly, maintaining the lowest average price hikes in four years. Looking ahead, business confidence dropped to one of the lowest levels in the series’ history, reflecting concerns over economic uncertainty and demand pressures.