Egypt’s manufacturing and extractive industries index declines to 99.33, CAPMAS

Preliminary data from Egypt’s manufacturing and extractive industries production index recorded a decline of 8.44 percent to 99.33 (initial) in April 2023 from 108.49 (final) last March, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

CAPMAS revealed that the index, which excludes crude oil and petroleum products, witnessed a climb in the production of basic metals by 31.98 percent to reach 77.67 compared to 58.85 in March 2023, CAPMAS explained.

The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March during the same year.

CAPMAS attributed a significant decline in Egypt’s production of electrical equipment to a lack of raw materials related to its production process, revealing a drop of 25.73 percent to 103.61 last April, compared to 130.27 in March.

The manufacturing of basic pharmaceutical products and preparations fell by 20.66 percent to 92.50 during April 2023 from 116.59 on a monthly basis.