Egypt's manufacturing and extractive industries index (excluding crude oil and petroleum products) showed a slight drop of 0.6 to 116.16 in February from 116.76 in January, the Central Agency for Public Mobilisation and Statistics (CAPMAS) reported on Tuesday. The updated index methodology, implemented since January 2020, utilises the base year 2012/2013 and aligns with the International Standard Industrial Classification (ISIC Rev.4). It also incorporates the monthly producer price index for improved accuracy. Industries Showing Growth Paper Industry: In February, the index rose to 70.58 from 65.36 in January, representing a 7.99 per cent increase driven by higher demand for dairy products and oils. Textile Industry: The index rose to 155.31 in February from 149.71 in January, marking a 3.74 per cent increase in response to market needs. Industries Facing Declines Electrical Industry: The index fell to 78.47 in February, down from 88.13 in January, registering a 10.96 per cent decrease according to market demand. Chemical Materials and Products: The index dropped sharply to 88.46 in February, from 98.21 in January, representing a 9.93 per cent decline attributed to market needs. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
