The business survey of Bank Al-Maghrib (BAM) for the month of November, shows an anticipation of satisfaction of manufacturers with an increase in sales for the next three months.
It emerges from this survey, whose data were collected between December 1 and December 29, 2021 with a response rate of 66%, that “for the next three months, companies expect production to stagnate and to an increase in sales, however, 24% of them say they have no visibility as to the future development of production and 36% as regards sales ”.
In addition, the results of this survey show an improvement, from one month to the next, in activity. Production would thus have progressed and the Production Capacity Utilization Rate (TUC) would have stood at 73% after 72% the previous month.
Likewise, sales would have increased, while orders would have stagnated, with backlogs which would have been at a lower level than normal, notes BAM. By branch, production would have seen an increase in “chemistry and parachemistry”, in “mechanics and metallurgy” and in “electrical and electronics” and a stagnation in “agro-food” and in “textiles and leather ”.
As for sales, they would have recorded an increase in “mechanics and metallurgy”, “chemicals and parachemistry” and in “electrical and electronics”, a stagnation in “agro-food” and a decrease in “textiles and leather”, specifies the same source. As regards orders, they would have marked an increase in “mechanics and metallurgy” and in “electrical and electronic”, a stagnation in “textiles and leather” and a decline in “agro-food”.
With regard to order books, the survey shows that they were established at lower than normal levels in all branches of activity with the exception of “electrical and electronic” where they were located at a higher level than normal.