Egypt’s manufacturing index drops 6.5% in July – CAPMAS

Cairo – Mubasher: Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, fell by 6.5% month-on-month (MoM) to 97.39 in July from 104.14 in June.

The index of manufacturing motor vehicles reached 174.3 in July, up by 8% from 161.4 a month earlier, thanks to higher demand and sales, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Wednesday.

Meanwhile, the index of manufacturing pharmaceuticals, chemicals, and medicines increased by 3.9% to 126.9 in July from 122.1 in June on the back of the increased demand for medicines which was boosted by the coronavirus (COVID-19).

On the other hand, the index of manufacturing non-metallic mineral products such as brick, glass, and cement dropped by 10.1% MoM to 70.0 from 77.9 in June after suspending construction works to protect workers from the pandemic.

In addition, the index of manufacturing paper and its products declined by 3.5% to 64.1 in July from 66.4 in June.

Mubasher Contribution Time: 23-Sep-2020 09:34 (GMT)
Mubasher Last Update Time: 23-Sep-2020 09:34 (GMT)