Morocco’s industrial activity showed mixed results, with stagnation in production but a rise in sales in February, according to Bank Al-Maghrib’s monthly survey.
Capacity utilization remained steady at 78%. Production increased in the food industry and mechanical/mining sectors but stagnated in textiles and leather. Chemical and semi-chemical industries saw a decline in production.
Sales rose across most sectors, except textiles and leather, where a decline was recorded. Export sales increased, while domestic sales stagnated.
Orders rose in food, chemical, and mechanical sectors, but declined in textiles and leather.
Overall, order books exceeded normal levels in all sectors, except textiles and leather, where demand was lower.
Looking ahead, industrial business owners expect production growth in the next three months, especially in the chemical and mechanical sectors. However, a quarter of businesses expressed uncertainty about future trends.
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