The production index of Morocco’s manufacturing industries, excluding petroleum refining, increased by 9.2% in the third quarter of 2024 compared to the same period in 2023, according to the High Commission for Planning (HCP).
This growth was driven by notable rises in key sectors, including an 18.2% increase in the chemical industry, a 17% boost in automotive manufacturing, and a 9% rise in food industries.
Other significant contributors included a 11.8% increase in garment production, a 10.2% rise in tobacco product manufacturing, and growth in non-metallic mineral products and metal product manufacturing (excluding machinery and equipment), which rose by 5.3% and 13%, respectively.
Conversely, declines were recorded in certain industries. The woodworking and cork product sector, excluding furniture, dropped by 32.3%, while beverage manufacturing fell by 7%. Pharmaceutical production decreased by 2.9%, leather and footwear by 11.6%, and textiles by 5.3%.
The extractive industries index also demonstrated strong performance, rising by 22.4%, attributed to a 23.5% increase in miscellaneous extractive products and a marginal 0.2% rise in metallic minerals.
Additionally, the production index for electrical energy saw a moderate increase of 3.5%, reflecting ongoing growth in the energy sector.
These findings were outlined in the HCP’s latest report on the Industrial, Energy, and Mining Production Index (IPIEM).
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