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Egypt’s non-oil business downturn eases in October as PMI edges up to 49.2

Egypt’s headline seasonally adjusted Purchasing Managers’ Index (PMI) rose from 48.8 in September 2025 to 49.2 in October, according to the latest S&P Global PMI data.

Updated 11/4/2025 7:49:00 AM
S&P Upgrade and IMF Forecast: Renewed Confidence in Egypt’s Economy

Egypt’s investment landscape witnessed a crucial update in October 2025 when Standard & Poor’s (S&P) upgraded the country’s long-term credit rating to ‘B’ from 'B-'. This marks the first upgrade from the agency in years and serves as a crucial external validation of the country’s necessary economic adjustments.

Updated 10/16/2025 2:17:00 AM
S&P upgrades Egypt’s credit rating to ‘B’; Fitch affirms with stable outlook

S&P Global Ratings has upgraded Egypt’s long-term sovereign credit rating to ‘B’ from 'B-', while Fitch Ratings affirmed its ‘B’ rating; both with a ‘stable’ outlook.

Updated 10/12/2025 4:46:00 AM
USTDA grants $959,006 to EGPC for methane emissions reduction roadmap

The US Trade and Development Agency (USTDA) has signed a grant agreement worth $959,006 with the Egyptian General Petroleum Corporation (EGPC).

Updated 12/15/2024 2:22:00 AM
Egypt's non-oil private sector activity contracts for 3rd consecutive month in November

The Egyptian non-oil private sector faced continued challenges in November, marking the third straight month of contraction, according to the latest S&P Global Egypt Purchasing Managers’ Index™ (PMI) report.

Updated 12/3/2024 3:22:00 AM
Egypt, S&P Global probe cooperation

The Egyptian Minister of Public Business Sector Mohamed Shimy has met with a delegation from S&P Global to mull cooperation.

Updated 10/15/2024 9:34:00 AM
Egypt’s non-oil business conditions weaken in September; PMI dips below 50

Egypt’s non-oil private sector saw a renewed downturn in business conditions in September, as rising price pressures curbed sales and slowed activity.

Updated 10/3/2024 4:01:00 AM
Egypt’s non-oil private business activity grows in August after 3-year decline

Egypt's non-oil private sector experienced its first expansion in three years last August, according to the S&P Global Egypt PMI.

Updated 9/3/2024 5:01:00 AM
Egypt's non-oil private business records marginal decline in July

Egypt’s non-oil private sector businesses signaled a modest downturn in business conditions in July, with marginal decline in new business and output, according to the S&P Global Egypt Purchasing Managers’ Index™ (PMI) survey.

Updated 8/5/2024 7:57:00 AM
Egypt’s non-oil private sector slowdown softens in May: PMI

Egypt’s purchasing managers’ index (PMI) surged to its highest level in nearly three years and was on the verge of entering growth territory.

Updated 6/4/2024 7:55:00 AM
Egypt’s non-oil private sector continues downturn in April despite eased inflation: PMI

Egypt's non-oil private sector sustained its downturn through April, as indicated by the S&P Global Purchasing Managers’ Index™ (PMI) survey data.

Updated 5/8/2024 4:41:00 AM
S&P expects Egypt to devalue EGP to 40/USD within few weeks

S&P Global Market Intelligence expects Egypt to devalue its local currency to EGP 40 per USD within the next few weeks, before gradually reducing it to EGP 45 per USD within the next five to six months.

Updated 3/5/2024 9:35:00 AM
Egypt’s non-oil private economy shrinks in September

Egypt’s non-oil private sector businesses saw a modest downswing in operating conditions in September, as persistent inflationary pressures caused a depressed demand environment.

Updated 10/3/2023 8:01:00 AM
Decline in Egypt's non-oil private sector softens marginally in July

Egypt’s non-oil private sector businesses saw a softer downswing in operating conditions in July, following a remarkable decline in the contraction rate at the end of the first half of 2023.

Updated 8/3/2023 8:11:00 AM
Egypt's non-oil private sector sees softer contraction in June

The headline seasonally adjusted S&P Global Egypt Purchasing Managers’ Index (PMI) increased to 49.1 in June from 47.8 in May, remaining below the 50-level, the data showed.

Updated 7/5/2023 8:04:00 AM
Egypt's non-oil private business records softer decline in May

Egypt’s non-oil private sector businesses saw a softer drop in operating conditions in May, as high inflation and demand levels were slightly eased.

Updated 6/5/2023 8:27:00 AM
Egypt’s non-oil private sector activity sees downturn in April

Egypt’s non-oil private sector businesses signaled a decline in operating conditions in April at the weakest pace for six months, as inflationary pressures and high demand levels were slightly eased.

Updated 5/3/2023 8:54:00 AM
Egypt’s non-oil private sector carries on contraction in March

The headline seasonally adjusted S&P Global Egypt Purchasing Managers’ Index (PMI) fell marginally to 46.7 in March from 46.9 in February, which is still below the 50 threshold that indicates growth in activity.

Updated 4/4/2023 8:11:00 AM