BAM survey: industrial exercise improved in November

Financial institution Al Maghrib (BAM) reported an enchancment in industrial exercise for final November.

Based on the outcomes of the month-to-month industrial survey for November, manufacturing would develop in all sectors besides agri-food, the place it stagnated, and electrical and electronics, the place it retreated.

The survey, based mostly on information collected between December 1 and 30, 2022, additionally means that below these circumstances, the manufacturing capability utilization ratio (TUC) would have been 75%, after 74% within the earlier month.

By way of gross sales, they might file development in each home and international markets, the Central Financial institution added, noting that by trade they might progress in all areas besides chemical substances and parachemistry, the place they might stagnate. and electrical and electronics the place they might come from.

Orders, alternatively, would register development in all sectors besides chemical and parachemical, the place they might stagnate.

As for orders, they might be beneath regular in all industries besides the meals trade, the place they had been at regular ranges.

Within the subsequent three months, producers count on an enchancment in exercise, the identical supply notes, noting, nonetheless, that 24% of firms categorical uncertainty concerning the additional improvement of manufacturing and 28% concerning gross sales.