The headline PMI, which measures business activity across the non-oil private sector, fell to 49.2 in March from 50.1 in February, signaling a mild contraction.
Companies reported a sustained recovery in customer demand, marking the first consecutive improvement in business conditions in over four years.
The positive outlook, which has been in place since March 2024, highlights “the prospects for an improvement in Egypt's debt service burden and external profile.”
Since November 2020, Egypt’s PMI has only recorded 50 or above twice – in August 2024 and now January 2025.
Business Today Egypt looks back at 2024 to highlight the year’s top stories and most impactful events that have left a mark on Egypt’s economy.
