Industrial production in Tunisia rose 1.2 percent year-on-year in December of 2019, following a downwardly revised 3 percent decline in the previous month. It was the first increase in industrial activity since August 2018, as manufacturing output rebounded (2.1 percent vs -0.5 percent in November), driven by the food industry (20.9 percent) amid higher production of olive oil. Also, the mining sector continued to advance solidly (172.6 percent vs 80.7 percent). In addition, output fell much less for energy (-6.4 percent vs -15.8 percent). On a monthly basis, industrial production advanced 7.7 percent, after a downwardly revised 6 percent slump in the previous month.
Industrial Production in Tunisia averaged 0.57 percent from 2001 until 2019, reaching an all time high of 16.50 percent in February of 2012 and a record low of -17.70 percent in February of 2011. This page provides - Tunisia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tunisia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Industrial Production in Tunisia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Tunisia to stand at -1.00 in 12 months time. In the long-term, the Tunisia Industrial Production is projected to trend around 0.30 percent in 2021, according to our econometric models.