Join on WhatsApp
Join on Telegram
Rabat — Morocco’s industrial activity improved in March, according to the latest monthly business survey conducted by Bank Al-Maghrib (BAM).
The country’s central bank indicates in its report that the capacity utilization rate rose to 79% in March, up from 78% in February.
Production and sales, meanwhile, increased across most industrial sectors, with the textile and leather industry being the only exception, where production remained flat and sales declined.
Overall sales grew both in domestic and foreign markets. New orders held steady, with increases in the food processing, mechanical, and metallurgical sectors offsetting stability in textile and leather and decline in the chemical sector.
Order books also remained at normal levels overall, though with variations across sectors.
Food processing, mechanical, and metallurgical industries reported above-normal order volumes, while textile and leather, and chemical sectors reported below-normal levels.
Looking ahead, industrialists expect production and sales to increase in most sectors over the next three months.
The chemical industry, where businesses anticipate a production decline, and the textile and leather sector, where sales are expected to remain flat, are to date the only exceptions.
Despite this generally positive outlook, more than one in five companies expressed uncertainty about future production trends.
Read also: Moroccan Energy Company Launches Initiative to Boost Industrial Energy Efficiency
