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UEMOA’s business climate favourable in July 2018

The business sentiment indicator in the West African Economic and Monetary Union (UEMOA) countries remained favourable in July 2018, standing at 100.1, slightly above its long-term trend, APA learned on Wednesday from the Central Bank of West African States (BCEAO).According to the issuing institution, this reflects a generally favourable opinion of business leaders on the direction of the economy in the WAEMU.

However, this indicator is down 0.9 points from June 2018, when it stood at 101. The business climate indicator is mixed across UEMOA countries.

It is above its long-term trend (100) in Guinea-Bissau (121), Niger (104), Senegal (102), Cote d’Ivoire (101) and Togo (100.6).

On the other hand, it is below its long-term trend in Burkina Faso (99.1), Mali (95.6) and Benin (03.1).

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