Manufacturing production in Morocco increased 2.7% year-on-year in the first quarter of 2019, down from a 3.6% rise in the previous period. It was the smallest gain in factory activity since the fourth quarter of 2017. Output growth slowed significantly for food (0.2% vs 2.2 percent in Q4); automotive products (1.5% vs 10.8%) and medical, precision & optical products (0.7% vs 5%). In addition, production fell for metal products (-13.1% vs 2.9%); machinery and electrical appliances (-2.3% vs 15.5%); tobacco (-0.7% vs 4%); other transport equipment (-3.8% vs 8.9%); leather, shoes and travel articles (-1.4% vs -27.4%); wood products (-1.5% vs -4.3%) and printing products (-1% vs 12.3%). Conversely, main gains were posted by apparel (10.4% vs 7.8%) and metallic products (12.1% vs -10.1%). Industrial Production in Morocco averaged 2.92 percent from 2000 until 2019, reaching an all time high of 9.40 percent in the first quarter of 2000 and a record low of -4.40 percent in the fourth quarter of 2008.
Industrial Production in Morocco is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Morocco to stand at 3.20 in 12 months time. In the long-term, the Morocco Manufacturing Production is projected to trend around 2.70 percent in 2020, according to our econometric models.