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Egypt non-oil sector sees record improvement, S&P global reports

Businessmen Team news 03 December 2025 01:12 PM
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Egypt non-oil sector sees record improvement, S&P global reports

Egypt's non-oil private sector recorded its best improvement in business conditions in over five years, according to the latest Purchasing Managers' Index (PMI) report from S&P Global.

The index, as cited by the Cabinet Media Centre, showed the Egypt PMI rising to 51.1 points in November, up from 49.2 points in October, signaling a strong end to the year (2025).

S&P Global noted that the improved performance of the non-oil economy was linked to better demand conditions and lower input prices following an improvement in the Egyptian pound's exchange rate.

The report added that the manufacturing, construction, and services sectors witnessed significant growth. This positive trend offers hope for sustainable improvement and is encouraging companies to increase activity and staffing levels.