|09 December, 2019

Egypt’s industrial production inches down in Q1

The value of industrial production amounted to $10.42bln in the three-month period ended March 2019

A factory employee works in a thread spinning factory in Cairo, Egypt, July 5, 2018.

A factory employee works in a thread spinning factory in Cairo, Egypt, July 5, 2018.

REUTERS/Mohamed Abd El Ghany

Cairo –  Egypt’s industrial production, less crude oil and refining, edged down by 0.1% year-on-year in the first quarter of 2019, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) figures.

The value of industrial production amounted to EGP 168.4 billion in the three-month period ended March 2019, compared with EGP 168.5 billion during the preceding period.

Food production accounted for 22.7% of the overall value industrial output, whereas coke coal and oil products supplies shrank by 21.7%.

Iron, steel and precious metals producers and metal casters saw their output dropping by 17% over the period between January and March 2019.

Output from the textile and weaving sector was EGP 5.6 billion, while the value of pharmaceutical, chemical, medicine and medicinal plant products reached EGP 5.1 billion.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction