Egypt Industrial production

Egypt

Egypt: Industrial production slumps in March

June 1, 2015

In March, industrial production contracted 0.1% over the same month last year, which contrasted the 3.4% increase recorded in February. The result marked the second decline in a three-month period. March’s decrease was driven by contractions in construction, the Suez Canal, natural gas and electricity. In contrast, tourism, oil production, and manufacturing registered increases.

On a sequential basis, industrial production decreased 5.5% over the previous month, which was well below the 0.5% decrease registered in February. However, annual average growth in industrial production increased from 11.7% in February to 12.2% in March, 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 March 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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