Industrial output in Ivory Coast rose 3.6 percent year-on-year in March 2019, following an upwardly revised 2.3 percent decline in the prior month, as output rebounded for manufacturing (1.8 percent vs -4.2 percent in February), mostly due to food & tobacco (3.9 percent vs -1.5 percent); wood & furniture (7.6 percent vs -8.6 percent) and paper & printing products (16.9 percent vs 7.1 percent). In addition, production rose much faster for mining & quarrying (16 percent vs 9.9 percent) and utilities (7.2 percent vs 1.8 percent). On a monthly basis, industrial production climbed 16.6 percent, after an upwardly revised 1.9 percent fall in the prior month. Considering the first quarter of 2019, industrial activity grew 2.7 percent compared to the same period a year ago Industrial Production in Ivory Coast averaged 4.74 percent from 1998 until 2019, reaching an all time high of 109.74 percent in April of 2012 and a record low of -11.80 percent in May of 2011.
Industrial Production in Ivory Coast is expected to be 4.52 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Ivory Coast to stand at 4.41 in 12 months time. In the long-term, the Ivory Coast Industrial Production is projected to trend around 4.90 percent in 2020, according to our econometric models.