Industry, Food And Metal Production Rose During 2012: CAPMAS

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The value of industrial production in the private sector climbed to EGP 491.9bn in 2012 compared to the EGP 463.1bn recorded in 2011, the agency noted.

“The 6.2% increase was due to the increase in the value of production of some commodity groups such as ores, minerals and nutrition,” CAPMAS said.

Food production valued EGP 54.2bn, compared to the EGP 47.9bn value of production in 2011. The agency noted that the production boost was due to the “increase of the value of production of certain commodities such as oil and fats, dairy products, flour and feed”.

The rise in metal production, from EGP 69.4bn to EGP 74.5bn, was due to the rise of the value of iron and gold.

Source : dailynewsegypt