Morocco- HCP: Increase in Production Index


(MENAFN- Morocco World News) Rabat – The production index for manufacturing industries excluding petroleum refining increased by 1.8 percent in the fourth quarter of 2016 compared with the same period in 2015, stated the High Commission for Planning in its latest report.

The report on Industrial, Energy and Mining Production Index explains this development as being the result of an increase in production index of chemical industries by 5.8 percent, clothing and furs by 9.1 percent, food industries by 1.7 percent, the automotive industry by 11.4 percent, the electrical machinery and equipment by 2.7 percent, the transport equipment sector by 11.9 percent and the machinery and equipment industry by 7.8 percent.

On the other hand, other non-metallic mineral products production index decreased by 5.8 percent, with a 2.7 percent decline in the cement production index, metalworking by 6.2 percent, metal products by 2.8 percent, woodworking products by 2.9 percent, leather products, and travel goods and footwear by 8.7 percent.

As for the mining production index, it increased by 6.1 percent, reflecting an increase of 6.3 percent in the production index of miscellaneous mining products and that of metal ores by 3.0 percent.

Finally, the index of the production of electric power recorded, for its part, registered an increase of 3.6 percent.

The production indices for all the above-mentioned sectors will thus have registered an increase of 1.4 percent in 2016 relative to 2015 for the non-refining manufacturing industry, 2.0 percent for electric energy and 2.4 percent for mines.

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