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Economic activity in WAEMU: Generalized strengthening in May 2021

02/08/2021
Categories: Economy/Forex

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Recent economic indicators published by the Central Bank of West African States (Bceao) show a general strengthening of economic activity in the West African Economic and Monetary Union (UEMOA), under of May 2021.

The latest monthly note on the economic situation of the Bceao notes that the growth rate of industrial activities, year-on-year, stands at 11.9% after an achievement of +15.6% in April 2021. In the process, the he institution points out that commercial activities and the production of market services experienced strong growth of 20.7% and 18.7%, respectively. Moreover, the financial services index rose by 9.0% over the period under review.

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