Tunisia's industrial output shrinks 0.8% y/y in Q1 2014

By bne IntelliNews June 10, 2014

Tunisia’s industrial production dropped 0.8% y/y in the first three months of the year, slightly improving from a 0.9% y/y contraction at end-February, as manufacturing industries, which have the largest weight in the index, remained in the red, the statistics office, INS, said. Tunisia’s industrial output rose 2.2% y/y in Q1 2013.

Overall manufacturing output (77.7% of the index) fell 1.0% y/y in January-March (down 1.1% at end-February) dragged down by a 12.2% y/y contraction in food and agriculture production. Chemicals production grew 5.3% y/y in Q1 but slowed from a 14.3% y/y growth in January-February. Strong EU and regional demand for fertilisers continue to support the reading.

A strong EU demand also boosted textiles production in the first three months of the year, rising 1.9% y/y.

The mining output (3.39% of the basket) climbed 44.2% y/y over the period boosted by higher phosphate production. The energy output (18.9% of the index), however, continued to dent Tunisia’s overall industrial production, falling 2.6% y/y in January-March.

Late in May, Tunisia's central bank (CBT) left the benchmark interest rate unchanged at 4.5%, underscoring negative economic trends, including sluggish industrial output and weakening tourism activity. 

Related Articles

Dubai’s ICD reportedly interested in Montenegro’s Tivat airport

Investment Corporation of Dubai (ICD), which acquired a controlling stake in Porto Montenegro last year, reportedly is interested in ... more

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

Dismiss