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Egypt's Industrial Production index up 20% in August

Egypt's Industrial Production index up 20% in August
Egypt's Industrial Production index up 20% in August

Cairo – Mubasher: Egypt's Industrial Production index (without crude oil and petroleum products) increased 20% in August 2016, according to Central Agency for public mobilization and statistics (CAPMAS).

The country’s Industrial Production index stood at 125.72 points in August 2016, compared with 104.77 points in the previous month.

CAPMAS attributed the end of vacations period and work one shift during Ramadan.

Total index for manufacture of printing and reproduction of recorded media reached 140.68 during August 2016, compared to 141.52 during July 2016, a decrease of 0.6% due low local market demand and near finished printing of the academic year rate of requirements.

Also total index for other manufacturing reached 114.28 during August 2016 compared to 123.65 during June 2016, a decrease of 7.6% due to lower export orders for tools clerical and the state of local market.

On other hand, total index for manufacture of food products reached 132.64 during August 2016, compared to 111.69 during July 2016, an increase of 18.8% due to increased demand for glucose substance (due to the high prices of sugar).