In a recent report by Bank Al-Maghrib (BAM) in French, it was reported that industrialists are optimistic about the next three months. The report stated that there is an anticipated increase in production and sales across all industries, except for the « textile and leather » industry where a stagnation in production and a decrease in sales are expected.
The report, which was conducted from April 1st to April 30th, also highlighted an improvement in activity in March. Production reportedly increased in all industries except for « textile and leather », where it declined.
Additionally, the report mentioned that the capacity utilization rate (TUC) remained stable at 79%, while sales increased both in the local and foreign markets. Sales were reported to have increased in the « chemical and petrochemical », « mechanical and metallurgical », and « electrical and electronic » industries, stagnated in the « agri-food » industry, and decreased in the « textile and leather » industry.
Furthermore, orders were reported to have stagnated, with an increase in orders in the « electrical and electronic » industry, stagnation in the « agri-food » and « mechanical and metallurgical » industries, and a decrease in the « textile and leather » and « chemical and petrochemical » industries. The report also mentioned that order books were below normal levels in all industries.
These findings were based on a 63% response rate from the surveyed industrialists. The overall tone of the report reflects a positive outlook for the industry in the coming months, despite some challenges in specific sectors.
In conclusion,