The High Commission for Planning (HCP) stated its production index of manufacturing industries, excluding petroleum refining, increasing by 19.9% in the second quarter of 2021 compared to the same period of 2020.
The production index’s results showed an increase of the automobile industry by 85.3%, an increase in metallurgy by 98.3% as well as the manufacture of machinery and equipment by 83.0%, and other non-metallic mineral products by 38.5%.
However, this production index on extractive industries recorded a decrease of 1.3% due to the decrease in the production of various products of the extractive industries by 1.3% and that of metallic ores by 0.2%.
As for the electric power production index, it recorded an increase of 15.8%.
The Moroccan auto industry has risen to sustainable growth levels of 20% annually, providing more than 150,000 jobs and MAD80 bn in revenues in August, according to the Minister of Industry and Trade.
Automobile exports reached MAD15.74 billion for the first two months of 2021, up 4.1% compared to the end of February 2020, according to the Exchange Office.
This development is mainly due to the increase in sales of the construction segment by 8.6%, said the Office in its bulletin on foreign trade indicators of February 2021.
Morocco is placed among the three most competitive countries in the world in the auto industry, behind India which is the leader in this field, and China placed second.
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