The ready-made garments industry saw a 1.79% increase MoM, hitting 100.57 in July, compared to 98.80 in June
Egypt’s manufacturing and extractive industries index fell by 12.19% month-on-month (MoM), recording an initial 103.09 in July from 117.39 (final) in June, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The index excludes crude oil and petroleum products.
Egypt’s non-oil trade deficit fell by 27.8% in June 2021, reaching $2.94 billion compared to $4.07 billion in June 2020.
On the continued demand due to the summer season, the beverage manufacturing industry climbed by 3.06% to 379.92 in July from 368.63 a month earlier, explained CAPMAS.
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The ready-made garments industry saw a 1.79% increase MoM, hitting 100.57 in July, compared to 98.80 in June.
Industries that saw a decline in July were the manufacturing chemical materials and products industry which fell by 13.99% to 95.66 in July, compared to 111.22 in June, while the manufacturing pharmaceutical and chemical products index dropped by 16.37% to 104.26 from 124.67 in June.
CAPMAS updated the index methodology using the base year 2012/2013 and at the level of the industrial activity indices according to the Industrial Activity Index (ISIC Rev.4) and using the monthly index (producer prices based on 2012/2013).
Egypt’s annual urban consumer price inflation climbed to 5.7% in August, rising from 5.4% in July, hitting its highest rate since November and marking a 17-month high.
