Industry in Egypt
Egypt - IndustryEconomic growth slowed marginally in the first quarter of fiscal year 2020, which ran from July to September, according to a preliminary GDP release. Although comprehensive data is not yet available, private consumption was likely strong, given that inflation cooled significantly in Q1 FY 2020 and that the unemployment rate dropped to 7.5% in Q4 FY 2019. Moreover, upbeat bank lending in the first two months of Q1 FY 2020 suggests fixed investment held up well, while recent improvements in the ease of doing business in Egypt, as highlighted by the World Bank’s new Doing Business report, should have supported investment activity. Turning to the current quarter ending in December, the economy seems to be slowing slightly, as suggested by the non-oil private sector PMI dipping deeper into contractionary territory in October on falling output and new business orders.
Egypt - Industry Data
|Industrial Production (annual variation in %)||0.6||-4.8||2.3||-0.1||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Egypt Industry Chart
Source: Ministry of Planning.
|Bond Yield||13.88||0.0 %||Nov 21|
|Exchange Rate||16.11||0.0 %||Nov 21|
|Stock Market||1,305||0.53 %||Nov 21|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 14, 2019
The economy expanded 5.6% in the first quarter of FY 2020, which ran from July to September, from the same period a year earlier.
November 14, 2019
The Central Bank of Egypt (CBE) slashed interest rates by one percentage point at its monetary policy meeting on 14 November, as had been broadly expected by market analysts.
November 11, 2019
Consumer price growth in month-on-month terms accelerated to 1.0% in October from September’s flat reading.
November 5, 2019
The Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, decreased to 49.2 in October from 49.5 in September.
October 10, 2019
Consumer price growth in month-on-month terms was flat in September, down from 0.7% in August.