After successive increases recorded since May 2020, the business climate indicator in the countries of the West African Economic and Monetary Union (UEMOA) was almost stable during the month of October 2020 compared to the previous month, according to data ; established by the Central Bank of West African States (BCEAO).

This indicator stood at 98.5 compared to 98.4 in September 2020. It is thus close to its long-term average, which is 100. This leads the Issuing Institute to say that “overall, business leaders are less worried about the evolution of the economic situation.”

However, the BCEAO services note that commercial activities, although increasing since June 2020, have not yet reached their pre-Covid-19 pandemic level. The turnover index in commerce thus fell by 2.2%, over one year, in October 2020, after a drop of 1.4% observed in September 2020.

the other hand, the increase in industrial production accelerated to 5.3% in October 2020 compared with 3.8% the previous month, in particular due to the good performance of activities in the extractive industries sector.

As for the turnover index in merchant services, it rose by 1.6% during the month under review, following an increase of 0.6% in the month of September 2020.