Egypt’s manufacturing industry index drops about 4% in October

Egypt’s manufacturing industry index recorded a monthly decline of 3.98 percent in October, reflecting a decrease in electrical appliances and medical production, the official data showed. 

The preliminary data from the Central Agency for Public Mobilization and Statistics showed a decline in the overall production index of manufacturing and extractive industries, excluding crude oil and petroleum products. The index stood at 96.70 in October, down from 100.71 in September.

The CAPMAS data indicated a decline in production for the electrical appliances industry, with the index dropping to 110.56 in October from 112.51 in the previous month. This decrease of 1.73 percent was due to a shortage of necessary raw materials, which was cited as the primary reason for this downturn.

The pharmaceutical, chemical, and medicinal products industry also declined, with the index reaching 112.44 in October, down from 115.50 in September, reflecting a decrease of 2.65 percent, aligning with market requirements.

However, the index for the chemical materials and products industries reached 76.56 in October, compared to 73.45 the previous month, reflecting an increase of 4.23 percent. This rise was due to market demand for these products.