Industrial production in Tunisia declined 2.1 percent year-on-year in March 2019, following an upwardly revised 2.2 percent tumble in the previous month. Industrial activity has been falling since last September. In March, output went down for all sectors: energy (-7.2 percent vs -8.1 percent in February); manufacturing (-0.9 percent vs -1.9 percent) and mining (-14.9 percent vs 685.7 percent). On a monthly basis, industrial production rose 4.6 percent, after an upwardly revised 2.3 percent slump in the preceding month. Industrial Production in Tunisia averaged 0.73 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.
Industrial Production in Tunisia is expected to be -1.10 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 -0.60 in 12 months time. In the long-term, the Tunisia Industrial Production is projected to trend around 0.30 percent in 2020, according to our econometric models.