Back to the complete issue
Sunday, 21 June 2020

Nearly half of Egypt’s households expect income to fall over the next three months, says Capmas

Nearly half of Egypt’s households expect income to fall over the next three months, says Capmas: 48.2% of all households across the country surveyed by state statistics agency Capmas have indicated that they see their income declining over the next three months, according to a study. Urban households are slightly more optimistic, with 43.3% expecting a decrease in income, while 52.3% of rural households are anticipating the same. Meanwhile, 26% of respondents said they are not working and 55.7% have started working fewer hours per week since the outbreak. Of those who remain employed, 73% reported their income had already decreased since the start of the outbreak — measured from the end of February — and 60.3% of whom have attributed lost income to measures imposed to contain the spread of the coronavirus.

How are people coping? Some 50% of households say they’re relying on borrowing money to get by while 17% are dependent on charitable donations and 5.4% make ends meet with day labor support grants, the study found. The study also indicates that a portion of people have been dipping into savings and the sale of assets to stay afloat. Respondents also reported shifting consumption patterns to trim their budgets, with most families reducing weekly consumption of fish, poultry, and meat — swapping them out for legumes and canned goods instead.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.