L’industrie manufacturière anticipe une hausse de la production au deuxième trimestre

The manufacturing industry anticipates an increase in production in the second quarter

The High Commission for Planning (HCP) unveiled on Thursday the results of the quarterly economic surveys it carried out in industry for the second quarter of 2022. It should be noted that these surveys were carried out among companies operating in the sectors of manufacturing industry, extractive industry, energy industry and environmental industry. From the main expectations of business leaders as shown by the business tendency surveys, it appears that companies in the manufacturing industry are expecting an increase in their production in the second quarter. According to the explanations of the High Commission, these expectations are 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 “Manufacture of other non-metallic mineral products” and “Chemical industry”. Regarding employment expectations, industrialists generally expect a stability in the number of employees employed, continues the public body in an information note relating to the results of quarterly business surveys in the manufacturing, extractive, energy and environmental industries sector. According to the High Commission, “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”. Business leaders, however, say that raw material stocks during this quarter are at a normal level while 28% of them consider cash flow “difficult”, underlines the public institution noting that, by branch, this proportion reached 34% in the “Agri-food industry”. With regard to companies operating in the extractive industry sector, the results of the surveys reveal that the bosses expect an increase in their production, mainly due to an increase in the production of phosphates. On the other hand, they foresee a reduction in the number of employees employed. According to the High Commission, the energy production expected for the second quarter of 2022 would experience an increase attributable to an increase in the “Production and distribution of electricity, gas, steam and air conditioning”, while the employment would decrease during the same quarter. Also surveyed by the HCP, the managers of companies in the environmental industry anticipate stability in production, particularly in the activities of “Capture, treatment and distribution of water” and stability in the workforce employed, underlines the public body in his briefing note. According to the assessments of the bosses questioned, in the first quarter of 2022, production in the manufacturing industry would have experienced stability, the result of an increase in production in the branches of “Metallurgy”, “Pharmaceutical industry” and “Beverage Manufacturing”. This stability would also be attributed to the drop in production observed in the branch of “Automotive industry” and “Manufacturing of textiles”, underlines the HCP which also surveyed companies on the evolution of their activity under the first quarter of 2022. It should be noted that the sector’s order books were deemed to be at a normal level by business leaders, while the selling prices of manufactured products would have increased during the first three months of the year . “As far as employment is concerned, it would have experienced stability. Overall, the production capacity utilization rate (TUC) in the manufacturing industry would have stood at 77%,” said the High Commission from the same source. For its part, the production of the extractive industry would have posted a drop, following a decrease in the production of phosphates; while order books would have been at a normal level and employment would have declined, the HCP continued. In its note, the High Commission reveals that the production of the energy industry would have experienced a decline, mainly due to the decrease in the “Production and distribution of electricity, gas, steam and air conditioning” . If the order books were deemed to be at a normal level, employment would have declined over the same period, said the bosses of this sector. Finally, the production of the environmental industry would have recorded a stability reflecting the stagnation of the activity of “Capture, treatment and distribution of water”; while order books would have settled at a normal level and employment would have been stable.

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