The latest Economic Outlook Note published in August 2025 by the BCEAO reveals an increase in activity at the end of June in the West African Economic and Monetary Union, driven by trade and financial services, but slowed by a decline in industry and certain services.

The business climate index stood at +1.3 points above its long-term average, confirming continued confidence among economic operators. This trend reflects the resilience of activity, supported in particular by a 0.4% increase in retail sales, following stronger momentum in May. Financial services also continued to grow, with growth of 2.4%, illustrating the driving role of the banking and insurance sector in regional vitality.

Construction and public works continue to contribute to this dynamic, with notable improvements in most EU countries. Only Mali, Niger, and Togo recorded sluggish activity in this sector, revealing persistent disparities between national economies. This improvement in infrastructure supports public and private investment efforts, often considered essential levers for growth and job creation.

On the other hand, the picture remains mixed regarding industrial production, which fell by 0.9%, and non-financial market services, down by 0.5%. These contractions are a reminder that the WAEMU's trajectory remains marked by structural weaknesses, notably dependence on imports, vulnerability to external shocks, and the difficulty of diversifying production bases. Between measured optimism and contrasting realities, the economic situation thus illustrates a regional space in flux, where the confidence displayed by stakeholders still needs to be consolidated through structural reforms and deeper economic integration.