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Egypt’s industrial production grows 27.6% in Q3-18

Egypt’s industrial production grows 27.6% in Q3-18
Industrial production registered EGP 185.3 billion

Cairo – Mubasher: Egypt’s industrial production, excluding crude oil and petroleum products, rose by 27.6% year-on-year during the third quarter of 2018.

Industrial production registered EGP 185.3 billion in Q3-18, compared to EGP 145.3 billion in Q3-17, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Iron, steel, and precious metals industry accounted for 20.8% of the country’s total industrial production, followed by food production industry with 16.1% and basic chemicals and fertilizers with 15.5%.

Production of chemicals industry surged by 94.4% year-on-year to EGP 28.8 billion in the July-September period of 2018, compared to EGP 14.8 billion, on the back of increased production of detergents and fertilisers.