Egypt Industrial production

Egypt

Egypt: Industrial production rebounds in February

April 3, 2015

In February, industrial production expanded 4.9% over the same month last year, which contrasted the 5.3% decrease recorded in January. The result marked the first pick up in industrial production after five straight months of deceleration. February’s increase was driven by double-digit growth in manufacturing, oil production, and the Suez Canal. In contrast, tourism and construction contracted.

On a sequential basis, industrial production increased 1.0% over the previous month, which was well below the 9.9% increase registered in January. Annual average growth in industrial production increased from 10.5% in January to 11.7% in February, which marked an over-six-year high.

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 February 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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