Industrial sector facilities stability pushed the value of deactivated energy down by 14.8% in fiscal year (FY) 2013/2014, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a report Tuesday.
This saw the value drop from EGP 7.9bn to EGP 6.7bn between FY 2012/2013 and FY 2013/2014, CAPMAS said.
Following the 25 January Revolution, the industrial sector experienced some difficulties regarding labour strikes and energy shortages that led to the shutdown of some production facilities.
“The textile industry contributed the highest percentage with 31.2%, followed by the food industry with 30% of the total,” CAPMAS added.
The value of actual production amounted to EGP 128.8bn in FY 2013/2014, a 5.3% increase compared to the EGP 122.4bn of the previous fiscal year.
“Coke and petroleum products contributed the highest percentage with 65.3% followed by the food industry with 11.3% of the total,” CAPMAS added.
A 15.3% surge was experienced in the total value of the year-end’s inventory, increasing from EGP 5.5bn in FY 2012/2013 to EGP 6.3bn in FY 2013/2014. CAPMAS added that the “food products industry contributed the highest percentage with 36.7%, followed by the basic metals industry with 16.5% of the total”.
In May 2015, Minister of Finance Hany Kadry Dimian stated that the government has plans to bring back the operation of the deactivated energy and unutilised assets.
According to a CAPMAS report released earlier this week, the value of industrial commodity production registered EGP 148.4bn in FY 2013/2014, marking a 5.7% increase from the EGP 140.4bn in the previous fiscal year. As for the value of food production, CAPMAS said it reached EGP 13.5bn in FY 2013/2014, compared to EGP 9.2bn in FY 2012/2013, registering a 46.9% increase.