Egypt Industrial production

Egypt

Egypt: Industrial production slumps in April

June 21, 2015

In April, industrial production contracted 0.2% over the same month last year, which contrasted the 4.4% increase recorded in March. April’s decrease was driven by contractions in the transportation and manufacturing sectors as well as a fall in activity at the Suez Canal. In contrast, the construction and tourism sectors registered increases.

On a sequential basis, industrial production decreased 2.2% over the previous month, which followed the 2.6% decrease registered in March. However, annual average growth in industrial production increased from 12.7% in March to 12.9% in April, 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 April 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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