Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

The economy had a shaky start to the third quarter of fiscal year 2019, which ran from January to March. After falling in January, the private-sector PMI fell again in February to plunge to the lowest level since September 2017, leaving it in contractionary territory for the sixth month running. February’s downturn was due to markedly lower output and a substantial drop in new business orders. This comes after economic growth accelerated in Q2 FY 2019. On the fiscal front, the government approved the FY 2020 budget on 27 March. The finance package is in line with the government’s IMF-backed reform program, targeting a lower fiscal deficit on the back of a restrained rise in spending and strong economic growth boosting revenues. Meanwhile, MPs are expected to vote in favor of constitutional changes on 14 April which would extend the president’s term, subject to a confirmatory public 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 Yield16.350.0 %Apr 12
Exchange Rate17.310.0 %Apr 12
Stock Market1,4510.53 %Apr 12

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