Egypt Private Sector Hits Two-Year Low

Egypt's non-oil private sector fell to a two-year low as operating costs surged, with PMI dropping to 48.0 for fourth month.
Minister Badr Abdelatty held calls with US Envoy Steve Witkoff and Iran’s Abbas Araqchi to push de-escalation and reopen Strait of Hormuz.
Input prices rose at the fastest pace in 18 months, driven by soaring fuel costs and a strengthening US dollar, deepening pessimism.
Business outlook turned negative for first time as expectations for next 12 months slipped, reflecting war-related gloom over domestic growth.