Industry: Bosses anticipate an increase in sales for the next three months

Hibapress

Manufacturers expect an increase in production and sales over the next three months, according to Bank Al-Maghrib (BAM).

For this period, they anticipate an increase in all branches of activity, with the exception of textiles and leather where a drop in production and a stagnation of sales are expected,” specifies BAM in its monthly survey of the economic situation in industry for May 2024.

Conducted from June 3 to 28, 2024, this survey also indicates an improvement in activity compared to the previous month. Production would have increased in all branches of activity and the Capacity Utilization Rate (CUR) would have stabilized around 78%.

Furthermore, sales are said to have increased both in the local and foreign markets, with the exception of the textile and leather sector where they are said to have declined.

Concerning orders, they would have increased in all branches except in the agri-food sector where they would have decreased. Order books would have remained at a normal level, reflecting levels above normal in chemicals and parachemicals as well as in electrical and electronics, and below normal in mechanics and metallurgy, the agri-food sector and textiles and leather.

In detail, in May 2024, production in the agri-food sector would have increased, with a TUC estimated at 70%. Sales would also have increased, mainly on the local market, while exports would have declined.

As for orders, they are said to have decreased, with order books below normal. For the next three months, business leaders anticipate an increase in production and sales. However, 31% of companies report uncertainty about the future evolution of production, and 28% express doubts about sales.

In the textile and leather sector, production would have increased in all branches except in the clothing and fur industry, where it would have stagnated. The TUC would have stood at 79%.

Sales are said to have declined, with a decline in the clothing and fur industry, an increase in the leather and footwear industry, and stagnation in the textile industry. In terms of destinations, an increase was recorded in the local market and a decrease in the foreign market.

Orders are said to have increased in all sectors except in the textile industry, where they are said to have fallen. The order book is said to have remained at a level below normal.

For the next three months, manufacturers expect a drop in production and a stagnation in sales. However, more than a third of companies express uncertainty about the future development of sales.

Furthermore, production in the chemical and parachemical sectors would have increased in May 2024, with a TUC of 76%. Sales would have also increased both in the local and foreign markets. Similarly, orders would have increased, with order books higher than normal. For the next three months, companies anticipate an increase in production and sales.

In mechanics and metallurgy, production would have increased, with a TUC of 88%. Sales would have also increased both in the local market and in the foreign market, with the exception of the automobile industry where they would have decreased. Orders would have increased, with order books lower than normal. For the next three months, business leaders anticipate an increase in production and sales.

In May 2024, production in electrical and electronics would also have increased, with a TUC of 85%. Sales would have increased in all branches, with an increase in the local market and a decrease in the foreign market. Orders would also have increased, with order books higher than normal.

For the next three months, managers expect an increase in production and sales. However, 25% of them indicate a lack of visibility regarding the future development of production and 28% regarding sales.

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