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Egypt's Private Sector Hits 50-Month High Amid Ceasefire

2/4/2025

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Summary

Story summary

Egypt's non-oil private sector showed growth in January 2025, with a PMI of 50.7, marking a 50-month high.
Increased output and sales fueled this growth, supported by reduced cost pressures and a ceasefire between Israel and Hamas.
Employment stabilized after two months of declines, though firms express caution about future growth prospects.
An agreement with the International Monetary Fund likely contributed to the improved economic environment.

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Story summary

Egypt's non-oil private sector showed growth in January 2025, with a PMI of 50.7, marking a 50-month high.
Increased output and sales fueled this growth, supported by reduced cost pressures and a ceasefire between Israel and Hamas.
Employment stabilized after two months of declines, though firms express caution about future growth prospects.
An agreement with the International Monetary Fund likely contributed to the improved economic environment.