Industrial production in Senegal fell 3.5 percent year-on-year in October of 2018, following an upwardly revised 4.0 percent gain in the previous month. It was the biggest decline in industrial output since May, as production fell for food (-1.1 percent compared to 13.1 percent in September) and chemicals (-12.3 percent compared to 2.9 percent). Also, construction output dropped further (-9.0 percent compared to -2.0 percent). Meanwhile, production increased at a faster pace for energy (5.2 percent compared to 3.7 percent) and mining (15.6 percent compared to 0.6 percent). On a monthly basis, industrial output went up 3.8 percent, after falling 2.1 percent in the prior month. Industrial Production in Senegal averaged 2.69 percent from 2009 until 2018, 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 1.99 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 2.14 in 12 months time. In the long-term, the Senegal Industrial Production is projected to trend around 2.14 percent in 2020, according to our econometric models.