Introduction

The latest official data showed that the Egyptian manufacturing and mining index fell 8.44% in April.

Updated Methodology

The Egyptian Central Agency for Public Mobilization and Statistics indicated that the index methodology has been updated using the base year 2012-2013 and at the level of industrial activity indices, according to the industrial activity guide and using the monthly index (producer prices based on 2012-2013), from January 2020

Manufacturing and Extractive Industries Index

The Manufacturing and Extractive Industries Index (excluding crude oil and petroleum products) reached 99.33 in April 2023 (provisional) from 108.49 in March 2023 (final), down 8.44%.

Economic Activity Showing Growth

In terms of economic activity showing growth, the Bureau of Statistics indicated that the non-ferrous metal industry index reached 77.67 in April 2023 compared to March 2023 when it reached 58.85, with an increase of about 31.98% in according to market needs.

Downturn in Economic Activity

On the other hand, electrical appliance manufacturing led the downturn in economic activity as the industry index reached about 103.61 points in April compared to about 130.27 points in March, which is directly related to the lack of raw materials for the product.

The pharmaceutical, chemical and drug industries also contracted and the index for this industry reached about 92.50 points in April 2023 from about 116.59 points in March, down 20.66% due to inventory. product.