FX.co ★ Egypt Non-Oil Private Sector Activity Falls to 5-Month Low

The S&P Global Egypt PMI eased to 48.9 in February 2026 from 49.8 in January, signaling a second successive month of contraction and the sharpest downturn since September 2025. All five sub-components of the index pointed to worsening operating conditions. New orders declined further, and output fell back into contraction, bringing an end to a three-month spell of expansion. Companies reduced employment for a third consecutive month and cut back purchasing activity once again. Supplier delivery times were broadly unchanged, consistent with relatively modest input needs. Meanwhile, cost pressures intensified: input prices rose at their fastest rate since May 2025, while output charges increased only slightly. Survey respondents highlighted that higher global commodity prices, especially for oil and metals, drove up import costs. Looking ahead, firms reported a relatively muted outlook for future output.