Mauritius Industrial Output Growth Decelerates Sharply in Q1

2023-06-23 11:03 By Luisa Carvalho 1 min. read

Industrial production in Mauritius increased by just 0.2% from a year earlier in the first quarter of 2023, following a downwardly revised 9.2% rise in the previous three-month period.

It marks the 8th consecutive quarter of growth in industrial activity but the weakest in the sequence, largely due to base effects.

Output slowed for mining & quarrying (2.9% vs 4.8% in Q4) and electricity, gas, steam and air conditioning supply (2.5% vs 4.3%), while stalling for manufacturing (vs 8.9% in Q4).

In the meantime, production rose slightly faster for water supply, sewerage, waste management & remediation (1.4% vs 1.1%).

On a quarterly basis, industrial activity plunged 19.6% in the first quarter, the most since Q2 2020, after a downwardly revised 12.8% jump in the prior month.



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