Senegal-Africa- Business

UEMOA: Business hits favorable trend in November

APA-Dakar (Senegal) By Massamba Sall

The business climate in the countries of the West African Economic and Monetary Union (UEMOA) returned to favorable trends in late November 2018, after a slight blip in October 2018, APA learned Monday from Central Bank of West African States (BCEAO).

The synthetic indicator for this climate was 100.3 points in November 2018 against 99.9 points in October 2018, which is 0.4 points above its long-term trend of 100 points.

According to the financial institution, this reflects a generally favorable opinion of business leaders concerning the economic situation in the sub-region.

This good orientation is to be put to the credit of three countries, Mali (103.4 points), Ivory Coast (102.8 points) and Burkina Faso (102.6 points).

Other countries have a synthetic indicator below the long-term average.

Guinea-Bissau (99.4 points) is the best positioned, followed by Benin (97.1 points), Senegal (96.8 points), Togo (94 points) and Niger (93.5 points).


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