Industrial production in Senegal rose 2.1 percent year-on-year in September of 2018, recovering from a 1.9 percent fall in the previous month. Output rebounded for food (4.3 percent compared to -6.7 percent in August); chemicals (2.9 percent compared to -2.7 percent); and paper (13.2 percent compared to -25.6 percent); and fell less for construction (-2 percent compared to -4.7 percent) and manufacturing (-13.7 percent compared to -12.6 percent). On the other hand, production slowed for energy (3.7 percent compared to 7.3 percent) and mining (0.6 percent compared to 10.8 percent). On a monthly basis, industrial output shrank 3.9 percent. Industrial Production in Senegal averaged 2.74 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.