Egypt Industrial production

Egypt

Egypt: Industrial production carries solid growth momentum in November

January 21, 2015

In November, industrial production expanded 20.7% over the same month of the previous year, which was down from the 25.6% increase recorded in October. The result marks the fourth consecutive expansion above 20.0% and suggests that the economy is regaining its footing. November’s expansion was driven by growth in the tourism, transportation, and manufacturing sectors.

On a sequential basis, industrial production expanded 10.1% over the previous month, which contrasted the 10.9% decline registered in October. Annual average growth in industrial production rose from 5.4% in October to 8.4% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 2.7% in 2015, which is unchanged from last month’s estimate. The panel expects industrial production to grow 3.6% in 2016.


Author:, Economist

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Egypt Industrial production Chart


Egypt Industry November 2014 0

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Ministry of Planning and FocusEconomics calculations.


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