Hibapress
The general business climate in the industry, in the second quarter of 2024, would have been “normal” according to 67% of companies and “unfavorable” according to 19% of them, indicates Bank Al-Maghrib (BAM).
These proportions are respectively 74% and 19% in “agri-food”, 71% and 17% in “chemicals and parachemicals” and 48% and 30% in “textiles and leather”, BAM announced in a bulletin on the quarterly results of its economic survey.
In “electrical and electronics”, the business climate would have been described as “normal” by 80% of manufacturers and “favorable” by 20% of them. In “mechanics and metallurgy”, these shares are respectively 54% and 31%. Concerning the supply conditions in Q2-2024, they would have been “normal” according to 73% of manufacturers and “difficult” for 25% of them. This last proportion reaches 44% in “electrical and electronics”, 34% in “mechanics and metallurgy”, 28% in “chemicals and parachemicals” and 10% in “textiles and leather”.
On the other hand, companies in the “agri-food” sector consider that their supply of raw materials is “normal”, indicates BAM, adding that the number of employees has stagnated according to 81% of the bosses and increased according to 16% of them. These shares are respectively 90% and 9% in “chemistry and parachemistry”, 79% and 15% in “mechanics and metallurgy” and 62% and 35% in “textiles and leather”.
Furthermore, 70% of companies in the “electrical and electronics” sector report an increase and 30% a stagnation. In the “agri-food” sector, companies report a stagnation in the number of employees. For the next three months, 72% of manufacturers expect a stagnation in the number of employees and 21% an increase. As for unit production costs, they would have stagnated according to 57% of manufacturers and increased according to 27%. This last proportion is 44% in “electrical and electronics”, 37% in “chemicals and parachemicals” and 29% in “textiles and leather”.
On the other hand, 61% of companies in the “mechanics and metallurgy” sector report stagnation and 36% a decline. In the “agri-food” sector, unit production costs have stagnated from one quarter to the next according to manufacturers.
In Q2-2024, the cash flow situation would have been described as “normal” by 77% of companies and “difficult” by 19% of them. The latter proportion is 37% in “chemicals and parachemicals” and 24% in “textiles and leather”. In “agri-food”, “mechanics and metallurgy” and “electrical and electronics”, the majority of companies indicate a “normal” cash flow situation.
