Cement sales recorded an increase in its added value by about 1.8%, while a lower performance than the second quarter, according to the latest data issued from the Economy and Finance Ministry.
Cement sales from the beginning of the current year to the end of July, totaled about 7.1 million tons, a decrease of 7.4%, down compared to 7.7 million tons recorded during the same period last year, added the same source.
Sales reached 6.5 million tons in 2020, and 8.1 million tons in 2019 during the pre-COVID-19 period.
In the second quarter of this year, the construction and public works sector created about 30,000 jobs.
Regarding loans directed to real estate, they recorded an increase of about 2.1% in the first quarter of the current year, reaching MAD 297 billion, according to data from the Directorate of Financial Studies and Forecasts at the Ministry of Economy and Finance.
The sector’s future will be affected by the government’s decision regarding support for families to acquire housing, as it is expected to adopt an alternative measure to the incentives directed at real estate developers in the Finance Bill 2023.
Additionally, the consolidated turnover of Ciments du Maroc amounted to MAD 2.024 billion by the end of June, up 1% compared to the same period in 2021, reported MAP.
The non-consolidated turnover also reached nearly MAD 1.81 billion during the same period, up 5% compared to the first half, added the same source.
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