HomeEconomyThe business climate considered "normal" by 71% of companies

The business climate considered “normal” by 71% of companies

The general business climate in the industry would have been “normal” according to 71% of companies and “unfavorable” according to 26% of them in the first quarter of 2023 (Q1-2023), according to Bank Al-Maghrib (BAM).

These proportions are respectively 79% and 17% in “textiles and leather”, 76% and 21% in “agro-food”, 60% and 33% in “mechanics and metallurgy” and 52% and 44% in “chemicals and parachemicals”, while in “electrical and electronics”, all manufacturers declare a “normal” business climate, according to the quarterly results of the business tendency survey carried out by BAMS.

With regard to supply conditions in Q1-2023, they would have been “normal” according to 60% of manufacturers and “difficult” according to 40% of them, continues the same source, adding that the latter proportion reaches 77% in “mechanics and metallurgy”, 71% in “electrical and electronics” and 40% in “agro-food”.

In “textiles and leather” and in “chemicals and parachemicals”, more than four-fifths of companies describe this supply as “normal”.

As for the number of employees employed, they would have stagnated during the last three months, particularly in “electrical and electronics”, in “chemicals and parachemicals”, in “agro-food” and in “textiles”. and leather. On the other hand, more than a third of “mechanical and metallurgy” companies declare a decline and half a stagnation.

For the next three months, manufacturers anticipate a stagnation in the number of employees, notes the same source.

In Q1 2023, unit production costs would have increased in all branches of activity except “electrical and electronics” where they would have rather stagnated.

The cash position would have been described as “normal” by 83% of companies and “difficult” by 16% of them. By branch, these shares are respectively 92% and 6% in “agro-food”, 89% and 11% in “textiles and leather”, 85% and 15% in “chemicals and parachemistry” and 62% and 38% in “mechanics and metallurgy”. In “electrical and electronics”, the cash position would have been deemed “normal” by all companies.

In Q1-2023, access to bank financing would have been described as “normal” by almost all industrialists in all branches with the exception of “textile and leather” where 21% of companies qualify it as “difficult” .

For its part, the cost of credit would have been, in Q1-2023, stagnant according to 65% of companies and rising according to 34% of them. By branch, these shares are respectively at 78% and 20% in “mechanics and metallurgy”, at 71% and 29% in “electrical and electronics”, at 70% and 29% in agro-food”, 60% and 40% in “chemicals and parachemicals” and 23% and 71% in “textiles and leather”.

Investment spending would have stagnated, from one quarter to another, according to 49% of manufacturers and increased according to 39% of them. These shares reach respectively 62% and 35% in “agrifood”, 48% and 35% in “mechanics and metallurgy” and 33% and 58% in “chemistry and parachemistry”.

On the other hand, 29% of companies in “electrical and electronics” indicate a drop in investment expenditure and 34% in “textile and leather”, against 71% and 57% respectively declaring stagnation.

For the next quarter, 62% of manufacturers anticipate an increase in investment spending and 29% stagnation.



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