The results of the Bank Al-Maghrib (BAM) business tendency survey in industry show an increase, from one month to the next, in production and sales during February 2022.
Production and sales would thus have increased in all branches with the exception of “agrifood” and “chemicals and parachemicals” where production would have stagnated and sales would have fallen, reveals BAM in its monthly survey, based on data collected between February 1 and February 28, 2022.
Under these conditions, the production capacity utilization rate (TUC) would have risen to 71%, up 2 points compared to the previous month, but still below its pre-crisis average, specifies the survey, the results of which are established on the basis of a response rate of 66%. Orders would have stagnated, covering a drop in “chemicals and parachemicals”, stagnation in “agrifood” and increases in “mechanics and metallurgy”, “textiles and leather” and “electrical and electronics”. Order books, for their part, would have been at a lower level than normal in all branches.
For the next three months, companies expect an improvement in activity with, however, the persistence of uncertainties, said BAM, noting that 31% of companies have no visibility as to the evolution of production and 29% for sales.