Egypt's production index for transformative, extractive industries dips 2.66% in January

CAIRO - 28 March 2023: Production index of manufacturing and extractive industries (excluding crude oil and petroleum products) declined 2.66 percent in January on a monthly basis, recording 105.69 (primary), compared to 108.58 in December (final), according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

 

It noted that the index of the food products industry increased by19.3 percent during last January to reach 155.21, compared to 130.4 points in the previous December, in order to increase production to cover the needs of the market with the advent of the Ramadan season.

 

In the same upward trend, the index for the manufacture of computers, electronic and optical products, and medical devices increased by 9.39 percent during last January, to reach 92.51 points, compared to 84.57 points in December 2022, to increase production and cover market needs.

 

Meanwhile, the index for the manufacture of pharmaceutical, chemical and medicinal preparations decreased during the comparison period by 28.89 percent, down to 90.99 points in January 2023, compared to 127.96 points in December 2022, due to the unavailability of raw materials required for production.

 

The index for the chemical materials and products industry fell last January by 4.85 percent, down to 92.60 points, compared to 97.32 points in December, according to the market needs.

 

The manufacturing and extractive industries index is a short-term indicator that expresses developments in industrial production values during the study period, with the exception of crude oil and petroleum products.

 

It is also an important indicator for businessmen to take their periodic decisions in the short term, especially as it clarifies the facts and data that contribute to the ability to plan and draw policies.

 

CAPMAS has updated the index methodology using the base year 2012/2013 and at the level of the industrial activity indices according to the Industrial Activity Index (ISIC Rev.4) and using the monthly index (for producer prices based on 2012/2013).