Manufacturing production in Morocco plummeted 21.4 percent from a year ago in the second quarter of 2020 compared to a 0.5 percent growth in the previous period. It was the sharpest decline in industrial activity since at least Q1 of 2000, amid the adverse impact of the coronavirus lockdown on supply chains and demand. Steep output decreases were seen for automotive products (-57.1 percent); wood & wood products (-62.5 percent); other transport equipment (-59.6 percent); metallurgical products (-48.3 percent); metallic products (-49.8 percent) and textiles (-44.7 percent). source: Haut Commissariat au Plan
Industrial Production in Morocco averaged 2.56 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 -21.40 percent in the second quarter of 2020. 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 November of 2020.
Industrial Production in Morocco is expected to be -10.00 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.