Moroccan Industrial Sector Forecasts Sales Growth Amid Economic Optimism

"For the next three months, companies expect production to stagnate and sales to increase," BAM says in this survey, noting, however, that 24% of them say they have no visibility on the future evolution of production and 36% on sales.

The survey also shows an improvement, from one month to the next, in activity. Production would have increased and the Capacity Utilization Rate (TUC) would have stood at 73% compared to 72% the previous month. BAM notes that sales would have increased, while orders would have stagnated, with order books being below normal levels. By branch, production would have increased in "chemicals and parachimicals", in "mechanics and metallurgy" and in "electrical and electronic", and stagnated in "agri-food" and in "textile and leather".

Regarding sales, they would have increased in "mechanics and metallurgy", "chemicals and parachimicals" and in "electrical and electronic", stagnated in "agri-food" and decreased in "textile and leather". As for orders, they would have increased in "mechanics and metallurgy" and in "electrical and electronic", stagnated in "textile and leather" and declined in "agri-food".

This survey, whose data was collected between December 1 and December 29, 2021 with a response rate of 66%, also shows that order books would have been at levels below normal in all sectors of activity except "electrical and electronic", where they would have been at a level above normal.