Industrial production in Tunisia shrank 0.6 percent year-on-year in November of 2018, following a 0.5 percent decrease in the prior month. It is the fourth consecutive decline in industrial activity.Output fell for mining & quarrying (-11% vs 19.7% in October), namely minerals for the chemical industry and natural fertilizers (-12.5% vs 18%) and also for energy (-2.8% vs -6.9%), mostly crude oil, natural gas and bituminous products (-21.5% vs -12.1%). In addition, activity slowed markedly in manufacturing (0.3% vs 1.2%), affected by a decline in production of textiles, clothing & leather (-0.7% vs 3.1%) and mechanical & electrical products (-1.2% vs 4.6%). On a monthly basis, industrial production declined 6.1 percent, after a 0.2 percent gain in the previous month. Industrial Production in Tunisia averaged 0.78 percent from 2001 until 2018, reaching an all time high of 16.50 percent in February of 2012 and a record low of -17.70 percent in February of 2011.
Industrial Production in Tunisia is expected to be -0.34 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Tunisia to stand at -0.31 in 12 months time. In the long-term, the Tunisia Industrial Production is projected to trend around -0.31 percent in 2020, according to our econometric models.