Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

Economic 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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.6  -4.8  2.3  -0.1  2.1  

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Egypt Industry Chart

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

Egypt Facts

Bond Yield13.880.0 %Nov 21
Exchange Rate16.110.0 %Nov 21
Stock Market1,3050.53 %Nov 21

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