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EGP 127.7bn Industrial output from private, public sectors in Q1 2017 - Daily News Egypt

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EGP 127.7bn Industrial output from private, public sectors in Q1 2017

Food products valued at EGP 33.3bn, iron & steel at EGP 14.8bn

The value of industrial production in Egypt, excluding crude and refined oil, amounted to EGP 127.7bn in the first quarter (Q1) of 2017, up from EGP 114.3bn in Q4 2016, marking an increase of 11.7%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

This production is related to public sector enterprises, public companies, and private sector facilities, each of which employs a minimum of 25 people.

According to CAPMAS, coal and petroleum products are the most important industrial activities in Egypt, as they contribute 14.6% of the value of industrial production, followed by 14.1% from food products, then iron and steel with 6.3%.

CAPMAS noted that food production was valued at EGP 33.3bn in Q1 2017, compared with EGP 25.2bn in Q4 2016, up by 32.1% quarter on quarter (QOQ), due to the mills operating at full capacity, as well as the increased prices of bran and the seasonal nature of beet.

The value of production for the iron and steel industry reached EGP 14.8bn, compared to EGP 19.8bn, up by 37.7% QOQ, due to the stability of energy supply to high-intensive industries and the increased demand for iron and steel.

On the other hand, motor vehicles, trailers, and semi-trailers and their feeding industries were valued at EGP 3.4bn in Q1 2017, versus EGP 4.5bn in Q4 2016, down by 23.9% QOQ, due to the decline in sales of locally assembled vehicles.

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