Egypt’s manufacturing, extractive industries index 4.01% down in Nov. ’24

Egypt’s manufacturing and extractive industries production index recorded a 4.01 per cent decline in November, falling to 108.36 from 112.89 in October, according to preliminary data released Sunday by official statistics agency CAPMAS.

The index, which has followed an updated methodology since January 2020, is based on the 2012/2013 fiscal year and adheres to the International Standard Industrial Classification (ISIC Rev.4). It also incorporates the monthly producer price index for greater accuracy.

Industries Showing Growth

• Tobacco Products: Increased market demand drove an 8.23 per cent rise, with the index climbing to 172.47 in November from 159.36 in October.
• Electrical Appliances: Responding to market needs, the index grew by 9.61 per cent, reaching 93.28 in November, up from 85.10 in October.

Industries Facing Declines

• Textiles: Due to shifting market conditions, the index dropped 3.06 per cent, falling to 161.23 in November from 166.32 in October.
• Ready-Made Garments: A decline in market demand led to a 2.74 per cent decrease, with the index slipping to 217.42 in November from 223.54 in October.

The latest data highlights ongoing fluctuations in Egypt’s industrial sector, reflecting both market dynamics and shifting consumer demand.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser