Egypt’s industrial index falls to 95.54 in April

Egypt’s manufacturing and transformational industries experienced a significant downturn in April, the index, excluding crude oil and petroleum products, fell to 95.54 (initial), against 109.33 in March, a substantial decline of 12.61 per cent.

Among the economic activities showing growth was the furniture industry that rose to 147.08 in April , up from 134.60 in March , reflecting a 9.27 per cent increase driven by market demand.

Similarly, the beverages industry recorded a notable increase with an index of 395.34 in April, compared to 352.76 in March, indicating a growth of 12.07 per cent due to heightened market demand.

Conversely, certain sectors faced declines during the same period. The food products industry index decreased to 123.72 in April, down from 152.81 in March, marking a significant decline of 19.04 per cent, attributed to shortages in essential raw materials.

Meanwhile, the pharmaceuticals, chemical, and medicinal preparations industry index dropped to 78.27 in April from 92.22 in March, reflecting a decrease of 15.13 per cent due to raw material shortages.

These figures illustrate varied economic trends within Egypt’s industrial landscape, highlighting both challenges and growth opportunities across different sectors amidst changing market dynamics.

Attribution: CAPMAS.