Kuwait PMI rises as Egypt, Qatar private sectors remain in contraction
- Kuwait's non-oil private sector PMI rose to 52.9 in October, indicating growth for the fourth consecutive month.
- Egypt's non-oil private sector PMI remained stable at 47.2, marking ten consecutive months of contraction amid rising cost pressures.
- Qatar's non-energy sector PMI dropped to 46.3, the lowest since May, signaling an eighth month of contraction.
- The World Bank forecasts a contraction of regional output in the Middle East, North Africa, Afghanistan, and Pakistan by 2.1% in 2026.
- Kuwait's businesses have increased output and new orders, aided by demand from neighboring countries.
- Egyptian firms are experiencing intensified cost pressures due to rising input prices and a weaker exchange rate against the US dollar.
