Morocco’s industrial sector saw little movement in February 2025, as production remained flat despite a modest uptick in sales, according to the latest business survey from Bank Al-Maghrib. The industrial capacity utilization rate held steady at 78 percent, underscoring a climate of caution across manufacturing lines.
Performance varied widely across industries. Food processing and metalworking posted production gains, while the textile and leather sector stood still. Chemical and petrochemical manufacturing, on the other hand, saw output slip.
Sales, however, showed a more consistent upward trend across most sectors—with one exception. The textile and leather industry continued to lag, recording a drop in sales. Bank Al-Maghrib noted that the overall increase in sales was largely driven by export demand, as domestic consumption showed signs of slowing.
New orders also painted a mixed picture. Three key industries—food, chemicals, and metallurgy—reported renewed order growth, while the textile sector continued its downward trajectory. It was the only branch where order books were still below typical levels, whereas other sectors reported stronger-than-average backlogs.
Looking ahead, producers expect a modest rebound in output over the next quarter, particularly in the chemical and metal industries. Food processing and textiles, however, are projected to remain stagnant. On the sales front, most sectors anticipate further growth—once again, with the textile industry as the outlier, expected to see little or no improvement.
Despite these cautious signs of momentum, uncertainty still hangs over the sector. A quarter of industrial firms say they’re unsure about how their business will evolve in the short term, pointing to continued challenges around demand visibility and market confidence.
