Manufacturing production in Morocco increased 3.6 percent year-on-year in the fourth quarter of 2018, up from a 3 percent rise in the previous period. It was the biggest increase in factory output since the third quarter of 2016. Output grew significantly for machinery and electrical devices (15.5 percent vs 10.9 percent in Q3); printing products (12.3 percent vs 4.5 percent); automotive products (10.8 percent vs 6.9 percent) and other transport equipment (8.9 percent vs 4.6 percent). Considering the full year of 2018, manufacturing output grew 3.2 percent over a year ago. Industrial Production in Morocco averaged 2.92 percent from 2000 until 2018, 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.
Industrial Production in Morocco is expected to be 4.00 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 3.00 in 12 months time. In the long-term, the Morocco Manufacturing Production is projected to trend around 2.70 percent in 2020, according to our econometric models.