Egypt: Industrial production slumps in August
November 2, 2015
In August, industrial production decreased 5.5% over the same month last year, which contrasted the seven-month-high 6.6% increase recorded in July. As a result of the deceleration, annual average growth in industrial production slowed significantly from 9.6% in July to 6.1% in August.FocusEconomics Consensus Forecast panelists expect industrial production to increase 3.4% in fiscal year 2016, which is down 0.1 percentage points from last month’s forecast.
Author: Carl Kelly, Economist