Egypt’s industrial output index falls 2% in January – CAPMAS

Egypt’s industrial production in manufacturing and extractive industries fell 2.0 per cent in January from December, as strong gains in food and beverages were offset by steep declines in electronics and vehicle manufacturing, official data showed Wednesday.

The manufacturing and extractive industries index, excluding crude oil and petroleum products, dropped to 125.89 in January from 128.47 in December, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

Food production rose 19.4 per cent to 154.33, driven by increased output ahead of Ramadan and seasonal agricultural cycles. Beverages jumped 37.61 per cent to 427.73, supported by higher market demand.

By contrast, the electronics and medical devices sector plummeted 53.3 per cent to 50.26 amid inventory buildup, while the motor vehicles industry slid 20.74 per cent to 355.65, reflecting weak domestic demand.

CAPMAS said it updated the industrial index using the 2012/2013 base year and aligned it with the International Standard Industrial Classification (ISIC Rev.4), with monthly series applied since January 2020.

The figures highlight an uneven recovery across Egypt’s industrial sectors, with food and beverages holding up while electronics and automotive output remain under pressure.

Attribution: Amwal Al Ghad English