Industry in Egypt

Egypt Industry | Economic News & Forecasts

Egypt - Industry

The economy has made good progress so far in the 2019 fiscal year, which began in July. In August, operating conditions in the non-oil private sector improved for the second consecutive month and at a faster pace than in July. This was due to increased new business inflows, from both domestic and foreign sources. Moreover, output stabilized following contractions in recent months. This comes after annual economic growth in April–June (the last three months of FY 2018) remained at the multi-year high recorded in January–March, supported by increased investment and exports. Meanwhile, in a boost to future exports, on 19 September the governments of Egypt and Cyprus agreed to build an underwater pipeline linking the vast gas reserves located in Cypriot waters with Egypt’s underutilized LNG export facilities.

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 Yield18.400.0 %Oct 18
Exchange Rate17.910.0 %Oct 18
Stock Market1,2950.53 %Oct 18

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