07-05-2025
Morocco's Industrial Activity Climbs to 79% Capacity in March
Rabat – Industrial activity in Morocco gained momentum in March, according to the latest business survey by Bank Al-Maghrib (BAM).
The central bank's data points to a modest rise in the capacity utilization rate, which moved to 79%, up from 78% in February.
Most industrial branches showed growth in both production and sales. Yet the textile and leather sector broke from the trend, with stagnant production and a drop in sales, raising concerns about its short-term outlook.
Sales improved across domestic and export markets, but new orders showed no clear direction.
While the agri-food and mechanical and metallurgy sectors received more orders, chemical industries saw a slowdown, and textiles remained flat.
The level of order books remained generally stable. Some sectors, such as agri-food and metallurgy, reported stronger-than-usual demand. Others, particularly textiles and chemicals, fell short of expectations, underscoring the uneven pace of recovery.
Looking ahead, manufacturers expect production and sales to grow in most branches.
However, they foresee setbacks in chemicals and textiles, where production could fall and sales remain unchanged.
Still, uncertainty casts a shadow over these projections. More than 20% of surveyed firms expressed hesitation about what lies ahead, reflecting broader concerns amid shifting market dynamics. Tags: BAMindustrial activityMorocco BAMMorocco industrial activity
