Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

In the first quarter of fiscal year 2019, which runs from July 2018 to June 2019, the annual economic growth rate moderated slightly from the previous quarter’s multi-year high. The largest contributions to growth in Q1 came from the natural gas, wholesale and retail, agriculture, and telecommunications sectors, in descending order. Higher inflation, a small uptick in the unemployment rate and slower industrial production growth likely weighed on growth, however. Meanwhile, the second quarter got off to a rocky start in October, with business activity in the non-oil private sector contracting for the second consecutive month and at a faster pace than in September. More encouragingly, the IMF is close to making a further USD 2 billion of financial assistance available to Egypt and praised the government for recent reform efforts on 31 October.

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 Yield17.800.0 %Nov 29
Exchange Rate17.910.0 %Nov 29
Stock Market1,2920.53 %Nov 29

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