Economy: Industry is doing well according to Bank Al-Maghrib
1 July 2007
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Both in terms of the results observed at the end of May and in terms of short-term prospects, Bank Al-Maghrib places industry, overall, in the positive category.
Our industrial production is doing well. This is according to the latest economic analysis by Bank Al-Maghrib, based on the results relating to the behavior of the industry in May. Thus, the capacity utilization rate increased by 3% compared to April, reaching around 72%. Leading the way are the electronics and electrical industries, which have a rate of 79%, followed by the chemical and parachemical industries at the same level as the mechanical and metallurgical industries with 73%.
The utilization rate, while it changed from one month to the next for all sectors of activity, nevertheless stagnated in the electrical and electronic industries.
On the sales side, an increase was noted in all sectors, particularly in the chemical and parachemical industry and the electronics and electrical industries. The Bank Al-Maghrib barometer considers the level of finished product inventories to be "almost normal, with however a level below normal for the agri-food industries and a level above normal for the mechanical and metallurgical industries, the textile and leather industries and the electrical and electronic industries". From another angle, the Bank Al-Maghrib study highlights a sharp increase in order intake compared to April. This increase also benefited all sectors of activity.
It should be noted that the current level of overall orders is considered to be above its normal level overall, with significant differences between sectors. On the one hand, the chemical and parachemical industries and the mechanical and metallurgical industries, which show above-normal performance, and on the other hand, a below-normal level observed in the agri-food industries, the textile and leather industries and the electrical and electronic industries. Another parameter examined is the change in the prices of finished products. These have increased across all sectors, except for the electrical and electronic industries, and the textile and leather industries.
Also, the central bank does not only analyze, it also makes predictions. And the prospects are optimistic for the rate of production growth in the short term.
Bank Al-Maghrib analysts express their optimism for the next three months, reflecting the reactions of operators in all sectors, particularly those in the textile and leather industries and the chemical and parachemical industries. On the sales side, the forecasts remain positive "due to the positive trend in domestic and foreign sales". In doing so, analysts are targeting in particular the electrical and electronic industries and the mechanical and metallurgical industries. As for the prices of finished products, the observed fluctuations should, according to analysts, continue over the next three months.
Published on 26/06/2007
Aujourd’hui.ma
Our industrial production is doing well. This is according to the latest economic analysis by Bank Al-Maghrib, based on the results relating to the behavior of the industry in May. Thus, the capacity utilization rate increased by 3% compared to April, reaching around 72%. Leading the way are the electronics and electrical industries, which have a rate of 79%, followed by the chemical and parachemical industries at the same level as the mechanical and metallurgical industries with 73%.
The utilization rate, while it changed from one month to the next for all sectors of activity, nevertheless stagnated in the electrical and electronic industries.
On the sales side, an increase was noted in all sectors, particularly in the chemical and parachemical industry and the electronics and electrical industries. The Bank Al-Maghrib barometer considers the level of finished product inventories to be "almost normal, with however a level below normal for the agri-food industries and a level above normal for the mechanical and metallurgical industries, the textile and leather industries and the electrical and electronic industries". From another angle, the Bank Al-Maghrib study highlights a sharp increase in order intake compared to April. This increase also benefited all sectors of activity.
It should be noted that the current level of overall orders is considered to be above its normal level overall, with significant differences between sectors. On the one hand, the chemical and parachemical industries and the mechanical and metallurgical industries, which show above-normal performance, and on the other hand, a below-normal level observed in the agri-food industries, the textile and leather industries and the electrical and electronic industries. Another parameter examined is the change in the prices of finished products. These have increased across all sectors, except for the electrical and electronic industries, and the textile and leather industries.
Also, the central bank does not only analyze, it also makes predictions. And the prospects are optimistic for the rate of production growth in the short term.
Bank Al-Maghrib analysts express their optimism for the next three months, reflecting the reactions of operators in all sectors, particularly those in the textile and leather industries and the chemical and parachemical industries. On the sales side, the forecasts remain positive "due to the positive trend in domestic and foreign sales". In doing so, analysts are targeting in particular the electrical and electronic industries and the mechanical and metallurgical industries. As for the prices of finished products, the observed fluctuations should, according to analysts, continue over the next three months.
Published on 26/06/2007
Aujourd’hui.ma
