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Egypt’s manufacturing, extractive industries index up 0.84% in November 2020 - Daily News Egypt

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Egypt’s manufacturing, extractive industries index up 0.84% in November 2020

Pharmaceutical, chemical industries index increases 7% due to higher demand for medicines, disinfectants

Egypt’s manufacturing and extractive industries index, without crude oil and petroleum products, recorded, according to preliminary data, 97.76 during November 2020.

The figure compares to the 96.94 reported in October 2020 (final data), reflecting an increase of 0.84%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

Pharmaceutical and chemical industries index reached 118.43 during November. This compared to the 110.69 recorded in October 2020, reflecting an increase of 7%, due to the increased demand for medicines, industrial cleaners, and disinfectants amid the novel coronavirus (COVID-19) pandemic.

Mining and quarrying industries index reached 191.40 during November. The figure compared to the 161.31 recorded in October, an increase of 18.65%, due to the increased demand during the pandemic for salts and minerals.

CAPMAS added that beverages manufacturing index recorded 102.77 in November compared to 150.19 in October 2020, a decrease of 31.58% due to the decline in demand with the onset of winter.

Meanwhile, Egypt’s coke industry reached 27.74 in November compared to 34.91 in October, a decrease of 20.54 % due to a shortage of raw materials.

The agency used the updated index methodology from the base year 2012/2013 at the level of industrial activity indices, according to the Industrial Activity Index (ISIC Rev.4), and by using the monthly producer price index on the basis of 2012/2013.

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