Morocco’s industrial sector posted modest gains in March as factory output and sales improved across most segments, signaling a rebound in demand, according to data released Monday by the central bank, Bank Al Maghreb (BAM).
Bank Al-Maghrib said capacity utilization reached 79% in March, up from 78% a month earlier, supported by stronger production and sales in nearly all manufacturing branches. However, the textile and leather industry reported flat output and a decline in sales.
Both domestic and export markets saw higher sales, although overall orders held steady. Order volumes rose in the agro-food and metal industries; a drop was noted in chemicals.
Order backlogs were reported at normal levels, with food processing and metallurgy above trend, while chemicals and textiles trailed.
Forward-looking indicators were mixed. Manufacturers anticipate output and sales to rise further in most sectors over the next three months, but sentiment turned negative in chemicals and textiles, where firms expect a drop in production and stagnant demand.
Despite the overall momentum, uncertainty remains high. More than 20% of firms surveyed cast doubt on future production.
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation
