6.1% increase in industrial production in Q2 2017

Daily News Egypt
2 Min Read

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on industrial production of public and private sector enterprises that employ 25 or more workers for the second quarter of 2017.

The report showed that the total industrial production value (excluding crude and refined petroleum) reached EGP 135.5bn during the second quarter (Q2) of 2017 (April-June) compared to EGP 127.7bn in Q1 2017 (January-March), an increase of 61%.

Food products industrial activity represented the most important economic activity, which contributed 24.6%, followed by the iron and steel industry, precious metals, and foundry at 15.9%, then manufacture of basic chemicals, fertilisers, fibres, and industrial threads activity at 10.5% of industrial production value (excluding crude and refined petroleum).

The CAPMAS added that the total production value for the manufacture of computer, electronic, and optical products reached EGP 1.8bn in the second quarter of 2017, compared to EGP 1.6bn in the first quarter of 2017, an increase of 10.2%, due to the urban expansion of new cities.

Moreover, the total production value for printing and production of recorded media reached EGP 853.3m in Q2 2017 compared to EGP 615.2m in Q1 2017, scoring an increase of 38.7%, due to increased demand for printing products.

In addition, the CAPMAS stated that the total production value of the manufacture of clothing products declined to EGP 2.6bn in Q2 2017 compared to EGP 2.9bn in Q1 2017, a decrease of 10.5%. The CAPMAS attributed the decrease to a period of stability after placing the orders for the manufacture of garments and clothes for Eid and export to foreign markets.

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