Egypt's Private Non-Oil Sector Records Best Performance Since 2020
Egypt’s Global Purchasing Manager’s Index (PMI) hit 50.7 in January 2025, marking a 2.6-point increase since December 2024 and marking an all-time high in the non-oil private sector since November 2020, according to a report by American financial information company S&P.
The jump also marks the first signs of growth since August. According to S&P, a PMI reading over 50 signifies growth, while anything below that level signifies a contraction.