The production value in the public business sector reached EGP 140.8bn during the fiscal year (FY) 2014/2015, compared to EGP 139.8bn in FY 2013/2014, with an increase of 0.7%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).
CAPMAS issued its Annual Bulletin of Statistics on Sunday, which recorded the annual industrial production in the public business sector for FY 2014/2015. The bulletin showed that the production value in the iron and steel industry reached EGP 2.5bn in 2014/2015, compared to EGP 2.2bn in 2013/2014, with an increase of 12%.
The production value in the public business sector as a whole in 2014/2015 reached EGP 95bn, compared to EGP 114.8bn in 2013/2014, with a decrease of 17.3%. This decline came as the result of low support, in the form of subsidies, in the petroleum refining sector.
The production value of the petroleum refining industry products reached EGP 87.7bn in 2014/2015, compared to EGP 88.4bn in 2013/2014, with a decrease of 0.8%.
The production value in oil and natural gas extraction activity reached EGP 3.3bn in 2014/2015, compared to EGP 3.6bn in 2013/2014, recording a decline of 5.9%.
