Cairo – Mubasher: Egypt’s production index of manufacturing and extractive industries, excluding crude oil and petroleum products, declined in July 3.5% month-on-month to 104.83 points from 108.60 points, said the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Monday.
The total index for basic metal industry stood at 63.65 in July, down 12.1% from 72.39 for June due to the inactivity of some factories’ furnaces on maintenance works.
The total index for ready-made cloths increased by 72.8% to 190.7 in July 2016, compared with 142.9 due to more export contracts in the summer season ahead of the academic year.
The government seeks to achieve a 8% growth in the industrial sector by the end of 2017/18.
