Cairo - Mubasher: The value of industrial production in Egypt excluding crude oil and refining dropped 2.3% during the second quarter of 2016, or between April and June, the Central Agency for Public Mobilization and Statistics (CAPMAS) said.
Industrial production value reached EGP 91.8 billion in Q2-16 compared to EGP 93.9 billion in the same period in 2015, CAPMAS added in its statement on Monday.
On a quarterly basis, the value of industrial production decreased 2.6% compared to Q1-16 to EGP 94.2 billion.
Coke coal and petroleum product operations are considered the most important, contributing 17.8% to the total value of industrial production, followed by food products with 15.2%, and iron and steel with 5.4%, the statistics agency said.
Food products' operations in Q2-16 reached EGP 22.7 billion compared to EGP 23.2 billion in the corresponding period of 2015 - a decrease of 2.1% due to the unavailability of crude oil for refining.
Pharmaceutical industries production increased 3.8% to EGP 5.1 billion compared to EGP 4.9 billion in the year-ago period, due to restarting a production line after stopping it for maintenance and adding new products.
Total value of manufacturing non-metallic mineral products, such as cement, bricks, and glass, reached EGP 8.8 billion in Q2-16 compared to EGP 10.4 billion in Q2-15, registering a decline of 15.2% due to stopping for maintenance and reducing requests for products.
