Egypt’s manufacturing index rises 0.8% in February

Source: https://www.egypttoday.com

CAIRO – 19 April 2018: Egypt’s manufacturing and extractive industries’ index (without crude oil and petroleum products) increased 0.8 percent in February 2018, recording 123.69 points, compared to 122.65 points in the same month of 2017, according to the Central Agency for public mobilization and statistics (CAPMAS).

CAPMAS attributed this rise to the high supply contracts for the electrical appliance industry and the increased production of beverages.

The indices of the manufacture of beverages, wearing apparel products, and machinery and equipment n.e.c. recorded on a month-on-month basis an increase of 58.2 percent, 16.8 percent and 6 percent, respectively, in February.

The manufacture of beverages index recorded 100.3 points in February, compared to 63.45 points in January 2018, due to the increased production of beverages (carbonated and mineralized water), in preparation for the summer season, according to CAPMAS.

CAPMAS said that the manufacture of wearing apparel products index reached 179.26 points in February 2018, compared to 153.45 points in January 2018, to cover the needs of the summer season and holidays.

Moreover, CAPMAs added that the increased export sales and the production of air conditioners led the manufacture of machinery and equipment to jump to 165.38 points in February, compared to 155.97 points in the previous month.

On the other hand, the indices of the manufacture of tobacco products and furniture decreased in February on a month-on-month basis by 5.5 percent and 49.1 percent, respectively.

The manufacture of tobacco products slipped to 52.27 in February 2018, compared to 55.34 points in January of the same year, due to low demand rates, CAPMAS said.

The manufacture of furniture recorded 68.21 points in February, compared to 133.98 points in January, as the production is finished in accordance with supply contracts and the availability of raw materials.



Categories: Africa, Business, Egypt

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