Minister of Planning and Administrative Reform Hala al-Saeed said that the growth rate of the second quarter (Q2) of fiscal year 20172018 rose to 5.3 %، compared to 5.2 %، in the preceding period last year. In a press conference، Al-Saeed added that the construction sector achieved a growth rate of 10.7 %، the manufacturing sector grew 10 % and the extractions sector witnessed a growth of 14 % during the Q2 of the current fiscal year 20172018.
The minister added that the inflation declined in the second quarter to 17 percent.
Said pointed out that the Egyptian exports increased by more than 10 percent during the first half of this fiscal year 20172018.
The minister also noted that the number of ships that crossed the Suez Canal increased by 6.4 percent during Q2 of 20172018.
Egypt’s annual inflation declined to 17 percent in January 2018، the Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Thursday.