Egypt’s industrial index reaches LE 168.5B in Q1 2018

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Mon, 19 Nov 2018 - 08:44 GMT

BY

Mon, 19 Nov 2018 - 08:44 GMT

FILE – CAPMAS

FILE – CAPMAS

CAIRO – 19 November 2018: The value of Egypt’s industrial production, excluding crude oil and petroleum products, increased 32 percent, recording LE 168.5 billion during the first quarter of 2018, compared to LE 127.7 billion during the same quarter of 2017, the state statistics body said.

The production index of food industries contributed to the industrial index by 23 percent, followed by steel, iron and metal industries by 19.2 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

CAPMAS added that the production index of chemicals, fibers and fertilizers registered 9.8 percent of the index.

The production of food industries reached a value of LE 38.7 billion during the first quarter of the current year, compared to LE 33.3 billion during the same quarter of 2017.

The production index of ready-to-wear clothes hit $4.3 billion in the first three months of 2018, compared to $2.9 billion in the same period of 2017, marking a 47.3 percent uptick.

The value of production for the computer, electronic, optical products and medical devices industry declined to LE 1.5 billion for the first quarter of 2018, compared to LE 1.6 billion for the first quarter of 2017, with a decrease of 9.9 percent.

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