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Egypt’s industrial production rises 8.7% in Q1-20

The value of Egypt’s industrial production, excluding crude petroleum extraction and refining, increased by 8.7% year-on-year (YoY) to EGP 183.1 billion in the first quarter (Q1) of 2020, compared to EGP 168.4 billion, data by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed.

Coke and petroleum products had the largest share of 28.6%, followed by crude petroleum and natural gas extraction with 20.0% and the food industry with $11.0, the CAPMAS said in a statement on Tuesday.

The value of food production increased to EGP 39.2 billion in Q1-20 from EGP 38.2 billion in Q1-19.

Meanwhile, the value of iron, steel, and precious metal industrial production rose to EGP 30.4 billion in the January-March period of 2020, compared to EGP 28.6 billion in the corresponding period a year earlier.