Industrial production in Senegal shrank 6.2% year-on-year in March 2019, after an upwardly revised 4.1% rise in the previous month. Output declined in manufacture of food (-12.3% vs -2.3% in February); building materials (-12.5% vs -0.2%); chemicals (-6.4% vs 13.5%) and mechanical products (-6.8% vs -27.4%). Also, output growth slowed for energy (8% vs 13.2%). In contrast, production rebounded sharply for mining (10.8% vs -7.6%), on higher extraction of phosphate (15.7% vs -19.4%) and stones, sand and clay (15% vs 11.1%). On a monthly basis, industrial production rose 1.5%, recovering from a 6.8% slump in the previous month. Considering the first three months of 2019, industrial activity grew 0.5% over a year ago. Industrial Production in Senegal averaged 2.71 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 2.14 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.