Egypt’s manufacturing, extractive industries index up 12% MoM in May

A factory employee works in a thread spinning factory in Cairo, Egypt, July 5, 2018. Mohamed Abd El Ghany, Reuters
Reuters Images

The index of the beverages industry rose 17.64% to 330.17 in May from 280.67 in April

Staff Writer, Arab Finance

August 8, 2023

PHOTO
A factory employee works in a thread spinning factory in Cairo, Egypt, July 5, 2018. Mohamed Abd El Ghany, Reuters

Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, recorded 105.64 in May 2023, up 12.04% month-on-month (MoM) from 94.29, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed.

The index of the beverages industry rose 17.64% to 330.17 in May from 280.67 in April, while the food industries index was up 2.99% MoM to 129.18 from 125.43 in April.

On the other hand, the index of basic metals industry dipped 1.79% to 57.21 in May from 58.25 in April, whereas the index of computer, electronics, optical, and medical devices industries saw a 1.63% MoM downtick to 74.07 from 75.3.

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