Manufacturing production in Morocco increased 0.5 percent from a year ago in the first quarter of 2019, below a 2.4 percent growth in the previous period. It was the smallest rise in industrial activity since the third quarter of 2015, mainly attributable to the Covid-19 pandemic. Output declines in automotive products (-20.3 percent); leather & footwear products (-26.3 percent) and metallurgical products (-14.7 percent) more than offset solid increases in the manufacture of chemicals (8.2 percent); pharmaceuticals (17.5 percent) and paper products (9.5 percent).
Industrial Production in Morocco averaged 2.84 percent from 2000 until 2020, 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. This page provides - Morocco Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Morocco Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Haut Commissariat au Plan
Industrial Production in Morocco is expected to be -3.40 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 2.50 in 12 months time. In the long-term, the Morocco Manufacturing Production is projected to trend around 3.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.