The Central Bank of West African States (BCEAO) announced in its forecasts that the real gross domestic product (GDP) of UEMOA would stand at 5.1% in the third quarter of 2023 and 5% in the fourth quarter, after 5.7% in the second quarter.

The performance of the economies of the countries of the Union would be driven by the good performance of domestic demand, market and financial services and manufacturing and extractive industries, says the Central Bank in its latest Note on the economic situation in the UEMOA countries (BCEAO, August 2023). ). Indeed, industrial production increased by 3.0%, after an increase of 4.1% in May 2023, according to the BCEAO. For the bank, retail sales increased by 4.4%, after 4.3% the previous month

Also, an increase in market services of 5.5% and financial services of 16.2% was highlighted, after increases of 3.3% and 16.2% respectively the previous month.