Here are the key performance indicators for the Kingdom’s industrial sector, according to the Bank of Morocco’s financial report for April 2024

Financial Report Summary (April 2024) – English Version

Introduction:

This report provides a summary of the key data points from Bank Al-Maghrib’s April 2024 financial report. The report focuses on key performance indicators for the industrial sector, including productivity, sales, orders, and future expectations. It also includes a chart illustrating production rates across different sectors.

Key Points:

Industrial Activity Improvement:

  • Productivity surged by 78% in April 2024 compared to the previous month.
  • Performance improved particularly in the “Chemicals and Parachemicals” and “Electricity and Electronics” sectors.
  • Productivity stabilized in the “Food Industries” sector.
  • The “Mechanical Engineering and Metals” and “Textiles and Leather” sectors witnessed declines in productivity.

Sales:

  • Sales remained stable overall, with a decrease in the domestic market and an increase in exports.
  • Sales declined across all sectors except for “Chemicals and Parachemicals,” where they increased.

Orders:

  • Orders stabilized overall, with increases in the “Mechanical Engineering and Metals” and “Textiles and Leather” sectors, stabilization in the “Food Industries” and “Electricity and Electronics” sectors, and a decrease in the “Chemicals and Parachemicals” sector.
  • Order books were below normal levels in most sectors.

Future Expectations:

  • Manufacturers anticipate production and sales growth across all sectors except for “Mechanical Engineering and Metals,” where they expect production to stabilize.

Charts and Tables:

1. Production Rate Chart:

Notes:

  • The data used in this analysis is based on the information provided in Bank Al-Maghrib’s April 2024 financial report.
  • Actual results may differ from expectations.

Conclusion:

Bank Al-Maghrib’s April 2024 financial report indicates an overall improvement in industrial activity. Productivity rose significantly, while sales and orders stabilized. Manufacturers expect continued improvement in the coming months, except for the “Mechanical Engineering and Metals” sector, where they anticipate stable production.

Source: Fes News

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