Companies reported a sustained recovery in customer demand, marking the first consecutive improvement in business conditions in over four years.
The improvement in Egypt’s non-oil private sector continued in February, building on the upward momentum seen at the start of 2025, according to the Purchasing Managers’ Index (PMI) released by S&P Global.
Companies reported a sustained recovery in customer demand, marking the first consecutive improvement in business conditions in over four years.
Despite stable output levels and a decline in employment, the surge in demand drove a strong increase in purchasing activity among non-oil firms, according to the PMI, which is derived from a survey of purchasing managers.
The headline PMI registered 50.1 in February, slightly below January’s 50.7, which had been the highest level in 50 months.
A reading above 50 indicates growth in business activity, while a score below that threshold signals contraction in the sector.
This also marked the first time since late 2020 that the index recorded back-to-back improvements, signaling a gradual recovery in the private sector.
Businesses cited continued market recovery as a key driver of new order growth, with demand increasing for the second consecutive month.
This was a notable shift after an extended period where orders had only grown once in 40 months. However, the rate of expansion slowed slightly compared to January, primarily due to weaker manufacturing orders, which created a minor drag on overall performance.
Business activity remained stable throughout February, following moderate growth in January.
Price pressures remained relatively weak for the second consecutive month, providing further support to the sector’s recovery.
