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War weighs on Egypt's private sector as PMI hits near two-year low in March
Input prices rose at the joint-sharpest pace in 18 months as firms cited fuel costs, war-related commodity increases and a stronger U.S. dollar.
- Egypt's non-oil private sector deteriorated at its sharpest pace in nearly two years during March, with the Global Egypt Purchasing Managers' Index falling to 48.0, below the 50.0 threshold separating growth from contraction.
- The Middle East war is driving up operational costs and dampening client demand, while fuel prices in Cairo surged by up to 17% on March 10, compounding pressure on businesses.
- Companies raised their selling prices at the fastest rate in 10 months to manage surging input costs, while business expectations for the coming 12 months slipped into negative territory for the first time.
- David Owen, senior economist at Global Market Intelligence, noted that the 48.0 figure "still relates to annual GDP growth of around 4.3%," suggesting underlying stability despite contraction signals.
- Output and new orders were the chief drags on the Index, with both measures hitting their lowest levels for nearly two years as regional uncertainty persists.
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War weighs on Egypt's private sector as PMI hits near two-year low in March
Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East wardrove up costs and dampened client demand, a closely watched business survey showed on Sunday.
·United Kingdom
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Middle East non-oil growth slows as Iran conflict disrupts trade
RIYADH: Non-oil business growth slowed across the UAE, Kuwait and Egypt in March as the Iran conflict disrupted trade, dampened demand and increased costs, S&P Global data showed. The UAE’s PMI eased to 52.9 in March from 55 in February, its lowest level since July 2025, though it remained in expansion territory. Kuwait saw a sharper deterioration, with its PMI falling to 46.3
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Total News Sources7
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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