Egypt’s manufacturing index falls 6.5% in July – CAPMAS

Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, fell by 6.5% month-on-month (MoM) to 97.39 in July from 104.14 in June.

The index of manufacturing motor vehicles reached 174.3 in July, up by 8% from 161.4 a month earlier, thanks to higher demand and sales, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Wednesday.

Meanwhile, the index of manufacturing pharmaceuticals, chemicals, and medicines increased by 3.9% to 126.9 in July from 122.1 in June on the back of the increased demand for medicines which was boosted by the coronavirus (COVID-19).

On the other hand, the index of manufacturing non-metallic mineral products such as brick, glass, and cement dropped by 10.1% MoM to 70.0 from 77.9 in June after suspending construction works to protect workers from the pandemic.

Manufacture of paper and paper products reached 64.1 in July 2020 compared to June 2020, where it reached 66.4, a decrease by 3.5 % due to importing paper from abroad at lower prices and weak current demand due to e-learning trend.