Senegal's industrial production advanced 4.1 percent year-on-year in July 2019 compared to a downwardly revised 4.5 percent rise in the prior month. It was the lowest gain in industrial activity since April mainly due to lower output from mining (-3.6 percent vs 7.1 percent in June). Within manufacturing, production fell for chemicals (-9.2 percent vs 6.2 percent) and mechanical industries (-2.0 percent vs -40.3 percent) but rose sharply for food (24.3 percent vs 1.6 percent) and paper & cardboard (20.1 percent vs 17.2 percent). Meantime, output grew faster for energy (10.4 percent vs 8.8 percent). On a monthly basis, industrial production went up 3.1 percent, after an upwardly revised 5.2 percent decline in the previous month. Industrial Production in Senegal averaged 2.75 percent from 2009 until 2019, reaching an all time high of 26.90 percent in August of 2016 and a record low of -22.40 percent in June of 2013.
Industrial Production in Senegal is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Senegal to stand at 3.60 in 12 months time. In the long-term, the Senegal Industrial Production is projected to trend around 2.60 percent in 2020, according to our econometric models.