Egypt’s manufacturing and extractive industries saw a slight decline in November 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). The overall index (excluding crude oil and petroleum products) dipped 0.55% to 96.25 in November compared to 96.78 in October. Similarly, the tobacco products sector jumped 29.68% to 176.63, also driven by market forces. The construction materials sector, encompassing bricks, glass, and cement, also took a hit, falling 5.13% to 84.51 due to market conditions. Continued monitoring of the index will be crucial to assess the overall health of the industrial sector and identify areas requiring targeted support.

Source: Daily News Egypt February 01, 2024 13:25 UTC