Egypt’s industrial production value records LE 168.4B

CAIRO - 9 December 2019: Egypt’s total industrial production value, excluding crude and refined petroleum, inched down 0.1 percent during the first quarter of 2019, recording LE 168.4 billion compared to LE 168.5 billion during the same period of 2018, according to the State-statistics body.

The Central Agency for Public Mobilization and Statistics (CAPMAS) clarified in its quarterly bulletin of industrial production of public and private enterprises for the first quarter (January-March) 2019 that food products manufacture contributed with the highest percentage in the total industrial production during the first quarter 2019, as it reached 22.7 percent.

Coke and refined petroleum products manufacture came second by 21.7 percent; then Iron, steel, precious metals and foundry manufacture by 17 percent of the industrial production value (excluding crude and refined petroleum), according to the bulletin.

“Production value of textile manufacturing and processing reached LE 5.6 billion for the first quarter of 2019, compared to LE 5.9 billion in the first quarter of 2018, with a decrease rate of 6.1 percent, while it reached LE 5.9 billion for the fourth quarter of 2018, with a decrease of 4.8 percent,” the report revealed.

CAPMAS attributed the decrease in the textile production to the availability of production stock.

Moreover, the bulletin added that the production value of the pharmaceutical, chemical, and medicinal plant products reached LE 9.8 billion for the first quarter of 2019, compared to LE 9.5 billion pounds for the first quarter of 2018,marking an increase rate of 3.5 percent.

According to the bulletin, this hike came due to an increase in the sales according to signed contracts, adding that it reached LE 8.8 billion in the fourth quarter of 2018, with an increase of 11 percent.

The report also showed that the production value of wearing apparel manufacture increased 17.9 percent, reaching LE 5.1 billion for the first quarter of 2019, compared to LE 4.3 billion for the first quarter of 2018, attributing the increase to the rise in export contracts. It added that production of wearing apparel reached LE 4.5 billion for the fourth quarter of 2018, with an increase of 12.5 percent.