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Rabat — Business leaders in Morocco’s non-financial market services sector expect strong activity in the third quarter of 2025, with 41% predicting growth and 37% anticipating stable conditions, according to the High Commission for Planning (HCP).
Several areas are expected to see increases, giving room for this optimistic outlook. The report cites air transport, land transport and pipeline services, warehousing and auxiliary transport services, and rental and leasing activities as all showing promising growth prospects.
The HCP noted a favorable outlook in its quarterly business survey report covering non-financial market services and wholesale trade.
However, some sectors face challenges, including accommodation and restaurant services, along with postal and courier activities, which are expect to see a decreased activity during the period.
Nearly half of business leaders (47%) predict stable demand for the quarter, while 38% expect demand to increase. Employment shows similar stability, with 54% of executives anticipating steady workforce levels and 26% expecting improvements in hiring.
Strong Q2 2025 performance
The second quarter of 2025 delivered strong results for the sector. A significant 64% of business leaders reported increased activity, while only 15% experienced declines.
Several industries drove this growth. Telecommunications, air transport, land transport and pipeline services, as well as warehousing and auxiliary transport services all recorded strong performance.
However, advertising and market research, real estate activities, and water transport faced decreased activity during the quarter.
The sector’s capacity utilization rate reached 77% in the second quarter, indicating healthy operational efficiency.
Meanwhile, most business leaders (69%) described their order books as normal, though 24% reported below-normal levels. Employment growth remained modest but positive, with 32% of company executives reporting workforce increases.
