FX.co ★ Egypt Non-Oil Private Sector Activity Lowest Since 2023

The S&P Global Egypt PMI dropped to 46.0 in June 2026 from 47.1 in May, indicating the steepest contraction in the non-oil private sector in almost three and a half years. Operating conditions deteriorated as new orders declined at the fastest rate since November 2022, weighed down by weak liquidity, supply disruptions, shortages of raw materials, and the ongoing conflict in the Middle East.

Output, purchasing activity, and employment all shrank, although the pace of job losses softened slightly compared with May. Supply chain pressures remained acute, with delivery times lengthening further as a result of shipping disruptions in the Strait of Hormuz, raw material shortages, and higher fuel costs.

At the same time, both input cost and output price inflation eased from May’s near-record levels, even as fuel, raw material, and wage pressures continued to exert a substantial influence. Looking ahead, business sentiment remained in positive territory, though it weakened marginally from May, underpinned by expectations of reduced geopolitical disruptions and stronger government support.