Tunisia's industrial output rises 1.6% in 2013

By bne IntelliNews April 10, 2014

Tunisia's industrial production grew 1.6% y/y in 2013, slowing from a 1.8% y/y expansion a year earlier, mainly on falling energy output as the manufacturing sector’s activity strengthened, the statistics office, INS, said. Excluding energy, industrial output growth rebounded to 2.3% y/y in 2013 from 1.1% a year earlier. The final 2013 reading copes well with the central bank’s cautious stance by keeping the key rate on hold, seeking to spur economic growth amid subdued inflation.

Overall manufacturing output (77.7% of the index) rose 2.1% y/y in 2013, quickening from 1.0% growth in 2012. Manufacturing growth was lifted by strong activity in chemicals, construction materials, textiles and clothing sectors.

The food industry’s output grew 1.9% y/y in 2013, cooling from a 4.2% expansion the year before. Olive oil and fats production was the main growth engine.

A strong EU demand continued to boost textiles production in 2013, rising 3.2% y/y and reversing a 2.8% y/y contraction a year earlier.

Chemicals production expanded 4.6% y/y, whereas that of energy (18.93% of the index) shrank 1.8% y/y in 2013.

The mining output (3.39% of the basket) climbed 12.4% y/y in 2013, accelerating from a 7.9% increase the year before. The mining output was boosted by higher phosphate production.

Related Articles

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more