In the first quarter of 2024, the production index for manufacturing industries excluding oil refining grew by a significant 2% compared with the same period of the previous year, according to the Haut-Commissariat au Plan (HCP).
This increase is mainly attributable to the remarkable growth of various sectors, such as the “chemical industry”, up 13.2%; the “automotive industry”, up 9.2%; the “manufacture of computer, electronic and optical products”, up an impressive 31.3%; the “food industry”, up 2.6%; and the “pharmaceutical industry”, up 7.3%, says the HCP in its information note on the Industrial, Energy and Mining Production Index (IPIEM).
However, some sectors recorded a decline over the same period: “manufacture of tobacco products” fell by 28.6%, “manufacture of metal products, excluding machinery and equipment” fell by 11.7%, “manufacture of clothing” fell by 8.4%, and “manufacture of electrical equipment” fell by 7.4%.
On the other hand, the production index for the mining and quarrying industries rose by a substantial 28.6%, thanks to a 30.2% increase in the production index for “miscellaneous mining and quarrying products” and a 0.2% rise in the index for “metal ores”.
On the other hand, the electrical energy production index also posted growth of 3.2% over the same period, contributing to the positive momentum of these varied industrial sectors.
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