Morocco Factory Output Growth Slows in Q3

Manufacturing production in Morocco rose by 2.2% year-on-year in Q3 2025, slowing from a 7% growth in the previous three-month period, partly reflecting base effects. The main positive contributors were food industries (+11.3%), other non-metallic mineral products (+12.2%), chemical industry (+4.3%), motor vehicles (+7.4%), rubber and plastic products (+16.2%), and other transport equipment (+19.9%). Conversely, declines were seen in tobacco products (-28.4%), pharmaceuticals (-17.3%), metal products, excluding machinery (-6.6%), and metallurgy (-8.0%).

Manufacturing production in Morocco rose by 3.2% year-on-year in the first quarter of 2025, following a 5% advance in the previous period. The increase was primarily driven by production growth in several sectors: chemical industry (+8.2%), automobile industry (+12.7%), electrical equipment manufacturing (+24.7%), pharmaceutical industry (+10.6%), non-metallic mineral products (+2.9%), and metallurgy (+14.0%). However, the tobacco products sector dropped by 27.3%, and declines were also seen in metal products (-6.1%), beverages (-5.5%), other transport equipment (-12.1%), and electronics (-5.6%).

Manufacturing production in Morocco grew by 5% year-on-year in the last quarter of 2024, following a strong 9.2% increase in the previous quarter. This growth was primarily driven by higher output in several key sectors, including other non-metallic mineral products (+12.5%), the chemical industry (+6.6%), computer, electronic, and optical products (+25.7%), tobacco-based products (+5.6%), the food industry (+2.4%), and pharmaceuticals (+7.6%). On the other hand, production fell for other transport equipment (-14.5%), apparel (-2.9%), leather and footwear (-7.3%), and textile (-2.3%). Considering full 2024, manufacturing output rose 5.4%.