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

Ankara and Tehran join wave of anger directed at Trump’s recognition of Jerusalem as Israel’s capital

US President Donald Trump's December 6 announcement that his administration has decided to unilaterally recognise Jerusalem as Israel's capital was described as “against international law” by ... more

Islamic State is finished declares Iran's President Rouhani

Iranian President Hassan Rouhani on November 21 declared the end of the so-called Islamic State militant and terrorist group following decisive battles in Iraq and Syria. Stating that he wished to ... more

Turkey the loser as Baghdad rewards Iran with control of Kurdish oil exports

Iran is taking control of oil exports from Iraqi Kurdistan's giant Kirkuk field with Baghdad authorising the move as a reward for the Iranians' help in quelling the Kurds' late September push for ... more

Dismiss