Egypt Industrial production


Egypt: Industrial production slides again in May

July 21, 2015

In May, industrial production contracted 0.5% over the same month last year, which followed the 1.7% decrease recorded in April. May’s decrease was driven by contractions in the transportation, manufacturing and oil production sectors. In contrast, the construction and tourism sectors registered increases.

On a sequential basis, industrial production increased 6.3% over the previous month, which contrasted the 3.7% decrease registered in April. However, annual average growth in industrial production decreased from 12.8% in April to 12.2% in May.

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 May 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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