{"id":466747,"date":"2019-08-26T14:59:17","date_gmt":"2019-08-26T13:59:17","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466747"},"modified":"2019-08-26T14:59:17","modified_gmt":"2019-08-26T13:59:17","slug":"uemoa-4-3-increase-in-industrial-production-in-2018","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/08\/26\/uemoa-4-3-increase-in-industrial-production-in-2018\/","title":{"rendered":"UEMOA: 4.3% increase in industrial production in 2018"},"content":{"rendered":"
<\/div>

Industrial production in the West African Economic and Monetary Union (UEMOA) rose by 4.3% at the end of 2018, according to data from the Central Bank of West African States ( BCEAO).<\/p>\n

Compared with 2017, when growth of 3.5% had been observed, WAEMU’s industrial production increased slightly by 0.8 percentage points. “This evolution reflects mainly the acceleration of the pace of manufacturing production, which rose 9.5% in 2018 against 5.0% recorded the previous year, particularly in connection with the rebound in production in the United States. chemical industry (+ 24.2% vs. + 3.7%), says the BCEAO.<\/p>\n

On the other hand, over the same period, it is noted a deceleration in the pace of energy production (+ 1.7% vs. + 3.5%) and a decline in the extractive industry (-9.1%).<\/p>\n

By country, the Central Bank notes that there is an increase in the Industrial Production Index in 2018 in all UEMOA Member States except in Niger (-10.1%) and Togo (-7). , 5%).<\/p>\n

As for the retail turnover index (CIF), it has increased, showing a<\/p>\n

average growth rate of 7.3% in the WAEMU compared to an increase of 10.0% in 2017. According to the BCEAO, this deceleration mainly reflects the decline in the pace of sales of food products (+2.5%). % vs. + 5.9%), building materials (+ 8.5% vs. + 11.5%) and cars and motorcycles (-8.4% vs. + 14.5%).<\/p>\n

By country, turnover in retail trade rose in most Member States, with fairly pronounced trends in Benin (+ 18.5%), Senegal (+ 9.4%) and C\u00f4te d’Ivoire. of Ivory Coast (+ 8.9%).<\/p>\n

The revenue indicator for market services (excluding financial services) was up 8.0% in 2018, driven notably by transport, accommodation and food services.<\/p>\n

Regarding the index of activities in the financial services sector, it recorded an increase of 8.6% over the period under review against an increase of 12.3% a year earlier, particularly in connection with the rise in the volume of banking transactions (loans, deposits), mitigated by an increase in the cost of resources (credit rate).<\/p>\n

By country, in 2018, there was an increase in turnover in the market services sector in all states, with the exception of Guinea-Bissau, both for the ICA market services excluding financial services (-14.9%) than for the financial services ICA (-11.3%).<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Industrial production in the West African Economic and Monetary Union (UEMOA) rose by 4.3% at the end of 2018, according to data from the Central Bank of West African States ( BCEAO). Compared with 2017, when growth of 3.5% had been observed, WAEMU’s industrial production increased slightly by 0.8 percentage points. “This evolution reflects mainly<\/p>\n","protected":false},"author":536282,"featured_media":466751,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000,11996],"tags":[12315],"class_list":{"0":"post-466747","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-uemoa-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"\nUEMOA: 4.3% increase in industrial production in 2018 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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