Morocco's manufacturing production index up by over 3% in Q3-2022, HCP

Morocco's manufacturing production index up by over 3% in Q3-2022, HCP
Thursday 15 December 2022 - 19:17

The production index of the manufacturing industries excluding oil refining recorded an increase of 3.1% during the third quarter of 2022 compared to the same period last year, said the High Commission for Planning (HCP) on Thursday.

The rise comes as a result of the increase in the production index of the “automobile industry” by 21.7%, of the “food industries” by 8.6%, of the “manufacture of tobacco products” by 18.8% and of the “pharmaceutical industry” by 23.4%, said the HCP in its note related to the index of the industrial, energy and mining production of the third quarter of 2022.

It is also the result of the increase of the index of the “manufacture of metal products” by 15.5%, that of the “leather and footwear industry” by 25.4%, that of the “printing and reproduction of records” by 23.2%, that of the “wood industry” by 22.0% and that of the “metallurgy” by 6.9%, further stated HCP.

In contrast, the index for “manufacture of other non-metallic mineral products” fell by 11.3%, that of “chemical industry” by 5.5%, that of “manufacture of electrical equipment” by 13.2%, that of “craft industry” by 6.7% and that of “paper and cardboard” by 14.9%.

The production index of the mining and quarrying industries also recorded a drop of 19%, resulting from the fall in the production index of “miscellaneous mining and quarrying products” by 19.7% and the rise in that of “metal ores” by 1.9%.

The production index of electrical energy recorded a slight drop of 0.2%, concluded HCP in its note.

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