Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

Conditions should have started H2 FY 2022 (January–June 2022) on strong footing, following robust economic performance in H1, according to preliminary national accounts data. Industrial output expanded in January–February at only a marginally slower pace than in the previous quarter. That said, dynamics should have slowed halfway through Q3 and into Q4 FY 2022, following the outbreak of the war in Ukraine: The non-oil PMI revealed conditions deteriorated sharply in March–April and employment levels decreased, which coupled with the continued buildup of price pressures will weigh on the external balance and spending. That said, a USD 25 billion pledge of financial assistance from Gulf allies in April will help support the balance of payments. Moreover, the Suez Canal—the government’s main source of foreign reserves—saw record high revenues in April. On 21 April, Fitch Ratings affirmed the country’s ‘B+’ rating with a stable outlook, citing the successful fiscal and economic reforms.

Egypt - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.3  -0.1  2.1  7.2  2.1  

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Egypt Industry Chart

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

Egypt Facts

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

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