Senegal's industrial production growth accelerated to 5.1 percent year-on-year in May 2019 from a revised 1 percent in the previous month, as energy output rose at a faster pace (13.6 percent vs 9.7 percent) and mining output rebounded sharply (12.9 percent vs -19.7 percent). Within manufacturing, paper and cardboard output grew the most (35.8 percent vs -21.5 percent), followed by food (4.6 percent vs 28.6 percent), mechanical industries (3.1 percent vs -18.9 percent), and building materials (2.6 percent vs -8.6 percent). By contrast, chemicals production continued to fall (-1.4 percent vs -17.5 percent). On a monthly basis, industrial output surged 4.8 percent, reversing a 4.8 percent contraction in April. Industrial Production in Senegal averaged 2.72 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 2.10 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.