Egypt’s industrial production increases 7.1% to EGP 333.5bn in Q2 2020

Daily News Egypt
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Egypt’s industrial production increased by 7.1% reaching EGP 333.5bn during the second quarter (Q2) of 2020, compared to EGP 313.2bn in Q2 2019, the Central Agency for Public Mobilization and Statistics (CAPMS) announced on Tuesday.

The value of industrial production (without oil extraction and refining) amounted to EGP 182.2bn during Q2 2020, compared to EGP 163.8bn in Q2 2019, an increase of 11.3%.

The oil refining industry and the manufacture of coke oven products contributed EGP 101.9bn, or 30.4%, during Q2 2020 of the total industrial production, while the activity of extracting crude oil and natural gas contributed EGP 51.6bn, or 15.4 %.

The CAPMAS bulletin indicated that the food products contributed EGP 41.4bn, or 12.3% of the value of industrial production, during Q2 2020, up from EGP 36.3bn in the same quarter of 2019, an increase of 13.8%.

The contribution of electronics, optical products, and medical devices increased to EGP 3.8bn, from EGP 2.4bn in the comparison period, an increase of 57.8%. This is due to the increase in sales of medical devices during the pandemic.

The production value of the registered printing and media reproduction industry recorded EGP 1bn in Q2 2020, compared to EGP 0.8bn for the same period of 2019, an increase of 29.2%, due to the compulsory leave in several companies during the pandemic and the suspension of education.

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