Morocco’s Mining and Electrical Energy Rose in Q4 2016

The industrial manufacturing index (excluding oil refining) rose by 1.8% YoY in Q4-2016.

Aggregate data was published for the different industries as follows: The automotive industry manufacturing index rose by 11.4% YoY, and so did the other transport equipments manufacturing index which jumped by 11.9% YoY.

These two industries were followed by the wearing apparel and fur manufacturing index which leaped by 9.1%, and then by the machinery and equipment manufacturing index which jumped by 7.8% and by the chemical industries production index which also rose by 5.8%.

Lower single digit growth rates were yielded by the electrical machinery and apparatus index (+2.7%) and food industries (+1.7%).

As far as poor performing manufacturing indices are concerned, they included other non metallic mineral products (-5.8%), cement manufacturing (-2.7%), fabricated metal products (-6.2%), wood products (-2.9%) as well as the footwear, travel accessories and leather goods manufacturing index which plunged by 8.7%.

Regarding the mining production index, it jumped by 6.1% YoY driven by the increase in the production of extractive industries by 6.3% and thanks to the metallic minerals production index which also rose by 3.0%. Finally the electrical energy production index leaped by 3.6%.

On an annual basis, the mining production index rose by 2.4% vs. 2015 followed by the electrical energy production index (2.0%) and the industrial manufacturing index (excluding refinery) (+1.4%).

Source : Morocco World News