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Egypt sees 21% increase in manufacturing, extractive index during June 2020 - Daily News Egypt

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Egypt sees 21% increase in manufacturing, extractive index during June 2020

Increases in economic activities also reported in June due to repercussions of COVID-19

The Central Agency for Public Mobilization and statistics (CAPMAS) has issued primary data for the production index of Egypt’s manufacturing and extractive industries in June 2020.

The agency has updated the index methodology, to use the base year 2012/13 and the level of main divisions of industrial activity according to the Manual on Industrial Activity (ISIC Rev.4). The report also took into account the monthly figure for producer prices based on 2012/2013 figures.

Primary data showed manufacturing and extractive industries index (without crude oil and petroleum products) stood at 104.7 during June 2020, compared to 86.6 during May 2020 (final), reflecting an increase of 21.0%.

CAPMAS also reported an increase at the level of the following economic activities.

The manufacture of tobacco products increased 82.5% to 138.7 in June 2020, compared to the 76.0 reported in May 2020. The rise was attributed to the increase in demand, in addition to café activities resuming after precautionary measures were lifted.

Manufacture of chemicals and chemical products increased 19.6% to 106.8 in June 2020, compared to 89.3 in May 2020. The increase was due to the high demand for detergents and disinfectants as a result of pandemic.

The manufacture of computer, electronic and optical products increased to 135.2 during June 2020, compared to May 2020 where it reached 106.9. This reflected an increase of 26.5%, due to the increased demand for medical devices such as radiology equipment and respirators.

The manufacture of basic pharmaceutical products and pharmaceutical preparations reached 122.7 during June 2020 compared to May 2020, where it reached 107.9. The 13.8% increase was due to the higher demand for pharmaceutical and pharmaceutical preparations, due to the repercussions of the coronavirus pandemic.

The manufacture of other transport equipment reached 316.8 in June 2020 compared to the 108.2 in May 2020, an increase of 192.9%. This was due to the increased production of railroad cars and transportation equipment.

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