CAPMAS: 3.98% Decrease in Egypt's Manufacturing and Extractive Index in October 2023

Central Agency for public Mobilization and Statistics (CAPMAS) issued a press release of primary data of manufacturing and extractive industries of production index of October 2023.

CAPMAS has updated the index methodology using the base year 2012/2013 and at the level of main indices of industrial activity according to Industrial Activity Manual (ISIC Rev.4) and by using the monthly index (for producer prices based on 2012/2013) That's since January 2020.

Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 96.70 during October2023 (primary) compared to 100.71 during September2023 (final) decrease by 3.98%.

Economic Activities that witness an increase are as followed: The Manufacture of chemicals and chemical products reached 76.56 during October 2023, compared to September 2023, reaching 73.45, an increase by 4.23% due to market needs.

The Manufacture of products of wood and cork, except furniture; reached 33.43 during October 2023, compared to September 2023, reaching 31.77, an increase by 5.23% due to market needs.

Manufacture of electrical equipment; reached 110.56 during October 2023, compared to September2023, reaching 112.51 adecrease by 1.73%, due to the lack of raw materials necessary for production.

Manufacture of basic pharmaceutical products and pharmaceutical preparations; reached 112.44 during October 2023 , compared to September 2023, reaching 115.50 adecrease by 2.65%, due to market needs.