Morocco’s industrial activity is growing on a monthly basis, according to Bank al Maghrib’s recent monthly tendency survey for the month of October.
According to the central bank’s data, production recorded an increase in the food industry and mechanics and mining, while a decrease was recorded in the production of chemical and semi-chemical materials.
Additionally, Bank al Maghrib notes that Morocco’s capacity utilization stabilized at a 72% rate.
The central bank also recorded an increase in sales in the food industry, mechanics and mining, electricity and electronics, and a decrease in sales of chemicals and semi-chemicals and textiles and leather.
Additionally, orders have grown in all sectors, except for the textiles and leather industry, which Bank al-Maghrib notes recorded a decrease.
According to the central bank, 29% of entrepreneurs do not have a clear vision on the progress of production and sales, but most expect a stabilization in production and an increase in sales over the next three months.
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