Industrial production in Senegal rose 1.6 percent year-on-year in December of 2018, after a downwardly revised 4.2 percent increase in the prior month. The gains in production of energy (9.1% vs -0.1%), chemicals (2.8% vs -0.3%) and construction materials (13.8% vs 10.9%) were not enough to offset lower output of paper & cardboard (-23.6% vs -8.0%); mining products (-11.2% vs 9.6%) and food (-9.1% vs 7.3%). On a monthly basis, industrial production surged 18.2 percent, following an upwardly revised 2.4 percent fall in the prior month. In 2018, industrial output grew 1.0 percent over a year ago. Industrial Production in Senegal averaged 2.75 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 2.19 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.