Bank Al-Maghrib Signals Growth in Morocco’s Industrial Activity

Bank Al-Maghrib's latest survey indicates a recovery in Morocco's industrial activity, with production rising by 39% in chemicals and 40% in metallurgy. However, the textiles and leather sector saw an 8% decline. Sales increased by 19% across most sectors, despite a drop in orders for textiles and leather by 34%. Manufacturers expect continued expansion over the next three months, although 27% of surveyed companies expressed uncertainty regarding production trends.