Egypt’s Purchasing Managers’ Index Surpasses 50 Points in Second Month

Egypt’s Purchasing Managers' Index (PMI) has surpassed 50 points for the second consecutive month, signaling a positive outlook for economic growth, according to Prime Minister Mostafa Madbouly.

This development follows a report from the Central Bank of Egypt, which recorded an USD 8.7 billion increase in Net Foreign Assets (NFA) in January 2025, a sharp contrast to the USD 29 billion deficit from the previous year.

The total rise in NFA now stands at approximately USD 37 billion, with January’s gains accounting for 60% of this increase. Additionally, foreign exchange reserves have climbed to USD 47.4 billion.

While geopolitical tensions have impacted Suez Canal revenues, recent weeks have shown signs of equilibrium, signalling the gradual recovery of Suez Canal revenues by April.