Egypt’s manufacturing, extractive index sees 1.6% rise in September 2020

Daily News Egypt
2 Min Read

The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the latest primary data for Egypt’s manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 97.03 during September 2020. This compared to the figure of 95.51 reported during August 2020 (final), reflecting an increase of 1.6%

The agency is continuing to use the updated index methodology, using the base year 2012/2013 and the level of main manufacturing activity divisions according to the Manual on Industrial Activity (ISIC Rev.4). The methodology also took into account the monthly figure for producer prices based on 2012/2013 data.

The manufacture of basic pharmaceutical products and pharmaceutical preparations reached 126.00 in September2020, compared to August2020 which reached 122.97. The latest figures represent an increase of 2.5%, due to increased demand for industrial detergents and disinfectants.

The manufacture of other non-metallic mineral products stood at 77.34 in September 2020, compared to the 70.65 reported in August 2020, reflecting an increase of 9.5%. This was attributed to the increased demand for cement in preparation for the resumption of construction.

The manufacture of tobacco products reached 147.12 during September 2020, compared to the 150.04 reported in August 2020, reflecting a decrease of 1.9%. This has been attributed to a decrease in production for some companies due to the precautionary measures put in place.

The manufacture of clothing apparel reached 84.31 in September2020 compared to August 2020, where it was recorded at 89.27. This reflected a decrease of 5.6%, due to stagnation in the market, causing a commensurate reliance on ample inventory.

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