Cameroon: Industrial Production Records 12.9 Percent Growth

Cameroon's industrial sector has registered an increase production of 4.6 percent during 2007, GICAM quarterly Bulletin has said. The report published recently in Douala attributes the increase to the high demand for manufactured goods which pushed manufacturing industries to produce more. According to the bulletin, there was equally an increase in the demand for petroleum products.

In all, industrial activities in 2007 registered a growth rate of 12.9 percent up from 8.3 the year before, the Douala based bulleting of the Cameroon Association of Businessmen (Groupement Patronat du Cameroun-GICAM) said. The turnover for industries progressed from 7.3 percent in 2006 to 7.9 percent in 2007. The Economic and Financial Report for 2007 on its part stated inter alia that Cameroon's Gross Domestic Product (GDP) could jump to 4.1percent in 2008 up from 2.9 percent the previous year. All things remaining equal, manufacturing industries are expected to contribute 2.4 percent to the GDP against 2.1percent in 2007, GICAM report said.

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