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Industrial production value reached EGP 168.4bn in 1Q2019 - Daily News Egypt

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Industrial production value reached EGP 168.4bn in 1Q2019

Food industries contributed the largest share in industry value in 1Q2019 accounting for 22.7%


The value of industrial production, excluding extracting and refining crude oil, reached EGP 168.4bn during the first quarter (1Q) of 2019, compared to EGP 168.5bn during the 1Q2018, with a decrease of 0.1%, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported.

In its quarterly bulletin of industrial production statistics for the public sector, public business sector, and the private sector, CAPMAS noted that the food products industry contributed the largest percentage to the value of industrial production during the 1Q2019. It reached 22.7%, followed by coke (fuel) coal and oil products industry with 21.7%, then iron and steel industry, precious metals, and metal casting at 17.0% of the value of industrial production, excluding extracting and refining crude oil.

It added that the production value of the textile and textile processing industry reached EGP 5.6bn during 1Q2019, compared to EGP 5.9bn in 1Q2018, with a decrease of 6.1%. This trend started when it reached EGP 5.8bn in 4Q2018, a decrease of 4.8% due to the availability of stock of production.

According to CAPMAS, the production value of pharmaceutical, chemical, medical, and medicinal plant products amounted to EGP 9.8bn in 1Q2019, compared to EGP 9.5bn in 1Q2018, an increase of 3.5%, due to the increase in sales, while it reached EGP 8.8bn in 4Q2018, an increase of 11.0%.                                                                                                                           

The value of production for the ready-made garment industry reached EGP 5.1bn in 1Q2019, compared to EGP 4.3bn in 1Q2018, an increase of 17.9%, against the increasing export contracts, and reached EGP 4.5bn 4Q2018, an increase of 12.5%.

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