The data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed a decline in the index of manufacturing and extraction industries (excluding crude oil and petroleum products) to 92.85 in January 2024 (preliminary) compared to 98.20 in December 2023 (final), representing a decrease of 5.45%.
The CAPMAS stated in a statement that the index for the beverage industry rose to 225.74 during January 2024 compared to December 2023, where it reached 182.81, with an increase of 23.48%, in line with market needs.
The index for the chemical materials and products industry reached 78.76 during January 2024 compared to December 2023, where it was 74.89, with an increase of 5.17%, in line with market needs.
As for the economic activities that witnessed a decrease, the index for the electrical appliances industry reached 106.39 during January 2024 compared to December 2023, where it was 127.56, with a decrease of 16.60% due to the unavailability of necessary raw materials.
The CAPMAS noted that the index for the basic metals industry reached 52.48 during January 2024 compared to December 2023, where it was 60.29, with a decrease of 12.95%, according to market needs.
It is worth mentioning that the agency updated the methodology of the index using the base year 2012/2013 and at the level of industrial activity indices according to the International Standard Industrial Classification (ISIC Rev.4) and using the monthly index (for producer prices based on 2012/2013) since January 2020.
