Egypt’s industrial production records LE 145.3B in Q3 2017

CAIRO – 21 May 2018: Egypt’s industrial production (without crude oil and petroleum products) increased 7.2 percent during the third quarter of 2017, recording LE 145.3 billion ($8.14 billion), compared to LE 135.5 billion in the same quarter of 2016, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

CAPMAS noted that food product industries allocated 19 percent of the total amount of industrial production, followed by iron and steel by 17 percent, and basic chemicals and fertilizers’ industries by 10.2 percent.

The value of the food products industry decreased 17.1 percent in Q3 2017 on a quarter-on-quarter basis, recording LE 27.6 billion in Q3 2017, compared to LE 33.3 billion in Q2 2017.

CAPMAS attributed this decline to the low demand for the products of the mills in the bread system, which led to a reduction in production, as well as the end of the seasonal sugar companies’ reeds.

On a quarter-on-quarter basis, the value of chemical and pharmaceutical products amounted to LE 7.9 billion in Q3 2017 compared to LE 6.3 billion for the prior quarter, marking an increase of 24 percent, due to the emergence of a new production line and increasing the production of medicines.

The value of petrochemical products reached LE 14.8 billion, compared to LE 14.2 in the previous quarter, with an increase of 3.9 percent.

CAPMAS announced earlier that Egypt’s manufacturing and extractive industries’ index (without crude oil and petroleum products) increased 0.8 percent in February 2018, recording 123.69 points, compared to 122.65 points in the same month of 2017.

Industrial production is a measure of output of the industrial sector of the economy, including mining, manufacturing, utilities and, in some cases, construction.