Morocco's Producer price index for manufacturing industries drops by 2.3%

Morocco's Producer price index for manufacturing industries drops by 2.3%
Friday 17 June 2022 - 13:07

The High Commission for Planning (HCP) said the production index of manufacturing industries excluding oil refining showed a decline of 2.3% in the first quarter of 2022 compared to the same period of 2021.

This change is mainly due to the drop in the production index of the chemical industry by 8.6%, food industry by 1.3%, the manufacture of electrical equipment by 3.4%, the manufacture of rubber and plastic products by 3.2%, the automotive industry by 2.6%, the clothing industry by 1.6%, and textile industry by 2.3%.

On the other hand, the index of the pharmaceutical industry recorded an increase of 9.9%, the metal industry by 1.5%, the manufacture of furniture by 5.0%, and the manufacture of beverages by 0.9%.

The production index for mining and quarrying fell by 10.1%, as a result of a 10.6% drop in the production index for “miscellaneous mining and quarrying products, and a 1.2% rise in metal ores index.

The index of production of electrical energy recorded an increase of 4.2%, concluded HCP in its latest note.

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