Industry: Activity improves in January 2024


The monthly economic survey from Bank Al-Maghrib (BAM) for the month of January 2024 shows an improvement in industrial activity.

Indeed, production would have progressed and the production capacity utilization rate (TUC) would have increased by two points to 78%, specifies BAM in its recent monthly economic survey in the industry.

In addition, production would have recorded an increase in all branches except that of “electrical and electronics” where it would have fallen back.

As for sales, they would have experienced stagnation, covering an increase in the local market and a drop in shipments abroad.

By branch, they would have recorded an increase in “agro-food”, “textiles and leather” and “electrical and electronics”, stagnation in “mechanics and metallurgy” and a drop in “chemistry and parachemistry”. “.

Regarding orders, they would have experienced an increase, covering increases in “electrical and electronics” and “mechanics and metallurgy”, and stagnation in “agro-food”, “chemistry and parachemistry” and “textiles and leather”.

Order books, for their part, would have been at a level below normal in all branches with the exception of “mechanics and metallurgy” where they would have been at a normal level and “agro -food” where they would have been at a level higher than normal.

For the next three months, manufacturers anticipate an increase in production and sales in all branches of activity except “textiles and leather”, where they expect production to stagnate. However, more than one in five companies indicate uncertainty about their future development.

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