Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Egypt’s non-oil private sector saw a continued downturn in June, with business conditions deteriorating for the fourth consecutive month, according to the latest S&P Global Purchasing Managers’ Index (PMI) data. The PMI dropped to 48.8, down from 49.5 in May, remaining below the neutral 50.0 threshold that separates growth from contraction.
The decline was primarily driven by weakening demand and a sharp drop in new orders and output. Purchasing activity saw its steepest decline in nearly a year, reflecting deepening challenges across the sector. David Owen, economist at S&P Global Market Intelligence, noted that “the mild decline in non-oil sector health” was linked to ongoing reductions in both output volumes and incoming new orders.
Business sentiment also took a hit, with expectations for future activity falling to the lowest level on record. This pessimism stems from subdued forecasts for new orders and heightened concerns over regional geopolitical instability, which could pose additional economic risks.
Employment levels continued to slip, marking the fifth straight month of job losses. However, the rate of workforce reduction remained marginal. Despite these setbacks, one silver lining emerged: input cost pressures eased in June, leading to a slower pace of output price increases. This offered slight relief to firms grappling with inflation.
The sustained contraction highlights the fragility of Egypt’s private sector recovery, especially outside the oil industry. With confidence at a record low and demand softening, businesses may continue to face headwinds unless broader economic conditions stabilize. The PMI figures signal an urgent need for supportive measures to revive business sentiment and stimulate growth in Egypt’s non-oil economy.
