Cairo – Mubasher: Egypt’s industrial commodity output value declined by 2.9% to EGP 144.1 billion during the fiscal year 2014/15 against EGP 148.4 billion a year earlier, said the Central Agency for Public Mobilization and Statistics (CAPMAS).
In the annual bulletin of industrial production for the public and private sectors, the state-owned agency attributed lower FY14/15 value to a decline in the value of industrial commodity production for some business activities such as food, textile, and coke ovens’ products.
The value of textile output went down by 22.8% year-over-year to EGP 1.8 billion from EGP 2.4 billion.
Food product’s value also edged down by 0.8% to EGP 13.4 billion in FY14/15, compared with EGP 13.5 billion in FY13/14.
Likewise, the value of coke oven, refined petroleum products, and nuclear fuel reached EGP 95.6 billion, down 5.0% year-on-year from EGP 100.7 billion.
In March, the agency announced that Egypt's Industrial Production index (without crude oil and petroleum products) increased by 5.6% to EGP 84.8 billion in third quarter of FY14/15.
