Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We maintain our view that a liquidity crisis, rising inflation and high unemployment levels will
provide headwinds to growth in the Egyptian auto's industry in 2016, leading to a contraction of 23.6% in
- Worsening currency conditions will see market sales decline again in 2016.
- A lack of improvement in private consumption fundamentals will lead to reduced demand for new
passenger vehicles while.
- Government commitment to infrastructure development will see the commercial vehicles relatively
outperform the overall autos market.
- Foreign currency shortages will continue to hamper local manufacturing.