Thursday, June 23, 2022 at 01:07 PM
Casablanca – Companies in the manufacturing industry expect an increase in their production in the 2nd quarter (Q2) of 2022, according to the High Commission for Planning (HCP).
These anticipations would be attributable, on the one hand, to an increase in the activity of the “Automotive industry” and the “Food industry” and, on the other hand, to a decrease in that of the “Manufacture of other non-metallic mineral products” and the “Chemical industry”, explains the HCP in its recent note on the results of quarterly business surveys in the manufacturing, extractive, energy and environmental industries sector and in the construction sector.
With regard to employment expectations, industrialists foresee overall stability in the number of employees employed.
In the 2nd quarter of 2022, more than half (58%) of companies in the manufacturing industry encountered difficulties in the supply of raw materials, mainly those of foreign origin, continues the HCP.
Raw material stocks during this quarter are at a normal level and cash flow is considered “difficult” according to 28% of bosses. By branch, this proportion reaches 34% in the “agro-food industry”.
With regard to the extractive industry, companies in this sector expect an increase in their production, indicates the HCP, noting that this development is mainly attributable to an increase in the production of phosphates. In terms of the number of employees employed, the bosses of this sector foresee a drop.
The energy production expected for Q2-2022 would experience an increase attributable to an increase in “Production and distribution of electricity, gas, steam and air conditioning”. As for employment, it would experience a decrease.
For the same quarter, companies in the environmental industry are anticipating stable production, particularly in the “Catchment, treatment and distribution of water” activities, and stability in the number of employees employed.
In the 1st quarter of 2022, the HCP reports that the production of the manufacturing industry would have experienced stability, the result of an increase in production in the branches of “Metallurgy”, “Pharmaceutical industry” and “Manufacture of beverages” and a drop in production in the branch of “Automotive industry” and “Manufacture of textiles”.
For their part, the sector’s order books are considered to be at a normal level by business leaders and the selling prices of manufactured products would have increased in the 1st quarter.
Regarding employment, it would have experienced stability. Overall, the production capacity utilization rate (TUC) in the manufacturing industry would have stood at 77%.
During this same period, the production of the extractive industry would have posted a decline attributable to a decrease in the production of phosphates. Order books would have been at a normal level and employment would have fallen.
The production of the energy industry would have known a decrease due mainly to the reduction of the “Production and distribution of electricity, gas, steam and air conditioning”. With regard to order books, they are deemed to be at a normal level. Employment, meanwhile, would have experienced a decline.
For its part, the production of the environmental industry would have recorded a stability attributable to a stagnation of the activity of “Capture, treatment and distribution of water”. As for the order books in this sector, they would have settled at a normal level and employment would have been stable.