In July, industrial activity in Morocco saw an uptick compared to the previous month, according to a report from Bank Al-Maghrib (BAM). The central bank’s monthly industry survey revealed increased production and sales across most sectors, with the exception of the “electrical and electronics” sector, where production remained stable. The capacity utilization rate (TUC) improved slightly, rising to 76% from 75% in June.
When it comes to orders, most sectors experienced growth, again with the “electrical and electronics” industry seeing stagnation. However, order books generally remained below normal levels, particularly in the “agri-food” and “mechanical and metallurgy” sectors.
In contrast, order books were above average in the “textile and leather” sector and at normal levels in both the “chemical and para-chemical” and “electrical and electronics” sectors.
Looking ahead, businesses anticipate growth in production and sales over the next three months in nearly all sectors, except for “electrical and electronics” and “textile and leather,” where stagnation is expected. However, about one in four companies expressed uncertainty about the future trajectory of production and sales.
