Morocco's industrial sector sees decline in production in November

In November 2024, Morocco’s industrial sector showed a mixed performance, with production declining but sales increasing compared to the previous month, according to Bank Al-Maghrib .

The drop in production was mainly due to a decline in the “chemicals and parachemicals” sector, especially within the chemical industry. In contrast, the “electrical and electronics” sector saw a production increase, while other sectors remained stable.

Sales grew across most sectors, except for the “agrifood” industry, which saw a decrease. This was the only sector with declining sales.

The capacity utilization rate stood at 78%, indicating moderate production levels. Orders dropped month-to-month in the “agrifood” and “chemicals” sectors, but increased in “textiles,” “mechanics,” and “electronics.” Order books were below normal in most sectors, except for agrifood and mechanics.