Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

The economy grew at a strong but unchanged pace in the second quarter of fiscal year 2019—which covered October to December 2018—following a small slowdown in the first quarter. Although comprehensive data is outstanding, this came on the heels of increased investment. Moreover, the government expects unemployment to have fallen in the same period, which, combined with higher public-sector pay, likely supported private consumption growth. Meanwhile, on 25 January the IMF paved the way for the disbursement of a USD 2 billion loan payment to Egypt, which would bring total disbursements to USD 10 billion out of a possible USD 12 billion under the three-year financial support program agreed in November 2016. On the political front, around 120 of the 596 lawmakers in parliament submitted a petition on 3 February to extend the presidential term to six years from four years, which would leave President el-Sisi in office until a minimum of 2024 instead of 2022. If the bill garners sufficient support in parliament, this would require a change to the country's constitution and, thus, a national referendum.

Egypt - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.6  -4.8  2.3  -0.1  1.7  

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Egypt Industry Chart

Egypt Industry
Note: Annual variation of industrial production in %.
Source: Ministry of Planning.

Egypt Facts

Bond Yield17.750.0 %Feb 14
Exchange Rate17.540.0 %Feb 14
Stock Market1,4360.53 %Feb 14

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