Manufacturing production in Morocco declined 1.2 percent from a year ago in the fourth quarter of 2020 compared to a 2.6 percent decrease the previous quarter. It was the third consecutive decline in industrial activity due to the coronavirus crisis. Steep output decreases were seen for other transport equipment (-47.2 percent); leather and footwear (-21.8 percent); clothing (-18.6 percent); electrical equipment (-17.7 percent) and automotive products (-9.1 percent). Meanwhile output increased for chemicals (12 percent); paper (10.7 percent); pharmaceuticals (6.8 percent); and metals (5.3 percent). Considering full 2020, factory output sank 6.3 percent. source: Haut Commissariat au Plan
Industrial Production in Morocco averaged 2.46 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 May of 2021.
Industrial Production in Morocco is expected to be 1.40 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 2.60 percent in 2022 and 3.20 percent in 2023, according to our econometric models.