Economy

Rephrase the same Morocco’s Cement Sales Fall 1.3% in First Half as Construction Activity Slows in a different way no more than 118 characters, as if you were a native American speaker as expert on content creation and dont talk about yourself or your experience

By chantar 3 Min Read

Morocco’s cement sales, an indicator that tracks construction activity, fell 1.3% in the first six months of 2026, reversing the 9.8% growth recorded a year earlier, according to Morocco’s Press Agency (MAP) citing data by the Finance Ministry’s Directorate of Financial Studies and Forecasts (DEPF).

The decline suggests weaker construction activity during the first half of the year, although the sector showed signs of recovery in the second quarter.

Cement sales rose 8% in the second quarter after contracting 10% in the first quarter, the DEPF said in its latest economic outlook report.

Meanwhile, financing for the real estate sector continued to grow.

Outstanding housing loans increased 2.4% year-on-year at the end of May, compared with 2.5% growth a year earlier.

Financing to real estate developers rose 2.7%, while total outstanding real estate lending exceeded MAD 325.8 billion ($35.9 billion) during the first five months of 2026, up 3.2% from a year earlier and broadly in line with the pace recorded in 2025.

The figures suggest that while financing for the property sector continued to hold strong, construction activity, as measured by cement sales, has yet to fully recover despite the rebound in the second quarter.

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