Morocco Industrial Activity Rises
The results of Bank Al-Maghrib's July survey show a significant improvement in industrial activity, with increases in production and sales in sectors such as food and chemicals. Meanwhile, the textiles and leather sectors experienced a decline, and the mechanical and mining sectors remained stagnant. The capacity utilization rate stabilized at 81%, with expectations of continued improvement in production and sales in the coming months, except for textiles and leather, which are expected to remain stagnant. Additionally, 26% of enterprises expressed uncertainty regarding future production developments, and 23% about future sales.
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