Egypt’s industrial production records LE 155.3B in Q4 2017

CAIRO – 26 July 2018: Egypt’s industrial production (without crude oil and petroleum products) increased 6.9 percent during the fourth quarter of 2017, recording LE 155.3 billion ($8.66 billion), compared to LE 145.3 billion in the third quarter of 2017, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

CAPMAS noted that iron and steel industries allocated 19.6 percent of the total amount of industrial production, followed by food products by 18.7 percent, and basic chemicals and fertilizers’ industries (without crude oil and petroleum products) by 9.7 percent.

The value of the iron and steel industry increased 22.7 percent in Q4 2017 on a quarter-on-quarter basis, recording LE 30.4 billion in Q4 2017, compared to LE 24.8 billion in Q3 2017.

CAPMAS attributed this hike to the end of the maintenance period of some production lines in some sources and the increase of the demand for products.

On a quarter-on-quarter basis, the value of food products amounted to LE 29 billion in Q4 2017 compared to LE 27.6 billion for the prior quarter, marking an increase of 5.4 percent.

The value of food industries came as a result of the increase of oils production and the start of new production lines in flour mills, increase in the contracts and seasonal production of sugar cane companies and the availability of raw materials for the production of edible oil refining, according to CAPMAS.

As per readymade garments, their value reached LE 3.3 billion, compared to LE 4 in the previous quarter, with a decrease of 16.7 percent, due to the decline in local selling and exports, besides the stoppage of some production lines.

CAPMAS announced earlier that Egypt’s industrial production (without crude oil and petroleum products) increased 7.2 percent in the third quarter of 2017, recording LE 145.3 billion, compared to LE 135.5 billion in the same quarter of 2016.

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