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Egypt’s industrial production inches down in Q1

Egypt’s industrial production inches down in Q1
Industrial sector generated EGP 168.4 billion

Cairo – Mubasher: 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.