Turnover of non-financial market services in Guinea-Bissau fell 38.7% year-on-year in July 2026 after a 51.5% drop in June, the only decline among the eight members of the West African Economic and Monetary Union (WAEMU), where the index rose 7.6%, the regional central bank BCEAO said in its September economic report.
Analysis: Despite the steep annual decline, Guinea-Bissau's services index rose 45.7% from May to June and 7.4% in July, BCEAO data show. The series is volatile, and July 2025 itself recorded a 15.1% monthly fall, complicating comparisons. Other measures were stronger: construction activity stood 7.2 points above its long-term average, compared with 4.1 points across WAEMU, and financial services turnover grew 10.6%. The indicators therefore give a mixed picture of business conditions rather than uniform weakness. BCEAO's next report, expected in late November, may show whether the year-on-year decline narrowed further.
Source: BCEAO, BCEAO, Note de conjoncture économique des pays de l'UEMOA – septembre 2026 (published October 21, 2026), July 2026 and June 2026