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14 May 2019, Gergana Bencheva, EMIS Editor

Ivory Coast’s industrial production returns to growth in Jan 2019

Ivory Coast’s industrial production returned to growth in January 2019 as it went up by 8.1% on an annual basis after a 3.3% year-on-year drop in December 2018, CEEMarketWatch reported referring to data provided by the country’s statistics institute.

The good result in the first month of the year was attributed to an increase in the sector of food and beverages which rose by 6.8% on the year after a drop of 5.2% in December. Also, the furniture and manufacturing sector went up by 10.9% year-on-year after a 7.8% decrease a month earlier.

For the full 2018, Ivory Coast’s industrial production grew at an average rate of 4.2% on an annual basis and the non-extractive industry rose by 5.3%. The manufacturing output was up by 5.6% on the year, CEEMarketWatch added.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch