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2.3% decrease in the value of industrial production in Q2 2016, compared to Q2 2015: CAPMAS - Daily News Egypt

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2.3% decrease in the value of industrial production in Q2 2016, compared to Q2 2015: CAPMAS

Coke, petroleum products contribute 17.8% of total industrial production value


The total industrial production value (excluding crude and refined petroleum) reached EGP 91.8bn during the second quarter of 2016 (April-June) compared to EGP 94.2bn in the first quarter of 2016, marking a decrease of 2.6%. The production value in the second quarter of 2015 was estimated at EGP 93.9bn, registering a decrease of 2.3% year-on-year (Y-O-Y).

The quarterly bulletin of industrial production across the public business and private sectors prepared by the Central Agency for Public Mobilization and Statistics (CAPMAS) indicated that coke and petroleum production represent the most important economic activity, contributing to 17.8% of the industrial production value, followed by industrial food production at 15.2%, and industrial iron and steel production at 5.4%.

The report noted that the total production value for the food products industry reached EGP 22.7bn in the second quarter of 2016, compared to EGP 22.6bn in the fourth quarter of 2015, an increase rate of 0.6%. CAPMAS attributed the increase in production to the increased production before Ramadan. Meanwhile, the production value was at EGP 23.2bn in the second quarter of 2015—an increase of 2.1%—due to the unavailability of crude oil.

Moreover, the total production value for pharmaceuticals and pharmaceutical industry reached EGP 5.1bn in the second quarter of 2016, compared to EGP 5.0bn in the first quarter of 2016—an increase of 2.9%. The industrial production value was at EGP 4.9bn in the second quarter of 2015—marking an increase of 3.8%—due to bringing production lines for maintenance back and adding a new product.

The total production value of the non-metallic mineral products reached EGP 8.8bn in the second quarter of 2016, compared to EGP 8.7bn in the first quarter of 2016—an increase of 0.9%—on the back of the stability of power supply and increasing demand for the products, while the production value was at EGP 10.4bn in the second quarter of 2015—a decrease of 15.2%—due to downtime for maintenance and reduced demand for products.

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https://dailynewsegypt.com/2017/03/20/2-3-decrease-value-industrial-production-q2-2016-compared-q2-2015-capmas/
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