Bank Al-Maghrib (BAM) has just published its monthly business survey. According to this document, industrial sectors recorded a stagnation in production against an increase in sales in April 2025, with a production capacity utilization rate (TUC) of 79%

Production would have recorded an increase in mechanics and metallurgy and in textiles and leather, a stagnation in the food industry and a drop in chemicals and paracimics, indicates the central bank.

Sales would have increased in “mechanics and metallurgy” and in “chemistry and parachimics” and would have declined in “agri-food” and “textiles and leather”. By destination, overall sales would have increased both on the local and foreign markets. Likewise, orders would have increased, including an increase in “chemistry and para-chemistry” and in “mechanics and metallurgy”, a stagnation in “agri-food” and a decrease in “textiles and leather

L The order books would have been at a lower level than normal in all branches except “mechanics and metallurgy” where they would have been at a level higher than normal. For the next three months, manufacturers expect an increase in production and sales in all branches except for “chemistry and para-chemistry” where they expect a drop in