Egypt Industrial production

Egypt

Egypt: Industrial production carries strong growth momentum in October

December 11, 2014

In October, industrial production expanded 25.7% over the same month last year, which was down from 30.2% increase recorded in September. Despite the decrease, the result marks the third consecutive expansion above 25.0% and provides evidence that the economy is recovering as political stability returns.

On a sequential basis, industrial production contracted 10.2% over the previous month, which was in stark contrast to the 1.8% increase registered in September. Annual average growth in industrial production rose from 1.6% in September to 5.5% in October.

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.


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Egypt Industrial production Chart


Egypt Industry October 2014 1

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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