Egypt Industrial production

Egypt

Egypt: Industrial production contracts at fastest pace in 18 months in June

August 14, 2015

In June, industrial production contracted 12.0% over the same month last year, which was markedly below the 0.2% decrease recorded in May. June’s result was the weakest in a year and a half. The decline was driven by substantial contractions in the manufacturing, construction and transportation sectors. In contrast, the tourism sectors continues to recover and registered a fourth straight annual increase.

On a sequential basis, industrial production decreased 3.7% over the previous month, which contrasted the 6.6% increase registered in May. However, annual average growth in industrial production slumped from 12.2% in May to 9.9% in June.

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 June 2015

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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