Industrial production in Ivory Coast advanced 9.8 percent year-on-year in June 2019, following a 12.3 percent jump in the previous month. Output grew less for manufacturing (7.7 percent vs 11.4 percent in May) and utilities (8 percent vs 9.8 percent) while the mining sector continued to rise notably (27.8 percent vs 19.8 percent). On a monthly basis, industrial activity went up 1.7 percent, after a downwardly revised 2.9 percent decline in the prior month. In the first half of the year, industrial production advanced 7.4 percent compared to the same period of 2018. Industrial Production in Ivory Coast averaged 4.91 percent from 1998 until 2019, reaching an all time high of 109.74 percent in April of 2012 and a record low of -11.80 percent in May of 2011.
Industrial Production in Ivory Coast is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Ivory Coast to stand at 8.00 in 12 months time. In the long-term, the Ivory Coast Industrial Production is projected to trend around 8.00 percent in 2020, according to our econometric models.