Cameroon: Growth hit 3.9% in H1 2018, spurred by the primary and tertiary sectors
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Comments - Tuesday, 13 November 2018 14:46
(Business in Cameroon) - At the end of June this year, economic activity in Cameroon grew 3.9% compared to the same period in 2017.
According to the national statistics institute (INS), the improvement was motivated by the primary and tertiary sectors. The primary sector’s activities grew by 4.6% compared to the same period in 2017, thanks to the good performance of forestry, food production and livestock farming, all of which helped to offset the effects of the decline observed in export agriculture (bananas, coffee, cocoa, etc.)
While growth in the secondary sector declined by 0.3% compared to the first quarter of 2017 (1.3%), the recovery in tertiary activities stood at 4.7%. “The growth observed in the sector (tertiary) reflects sustained activity in almost all activity branches,” the INS said.
BRM
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