Expansive Increases in Morocco's Industrial Manufacturing: Report
Date
3/16/2018 2:08:48 PM
(MENAFN- Morocco World News) 
Rabat – Industrial manufacturing production has increased by 2.6 percent during the fourth quarter of 2017.
The Moroccan Higher Planning Commission (HCP) in charge of economic, demographic, and social statistics- released a report displaying growth indexes for industrial production, energy, and mining, for the last three months of 2017.
The report indicates an increase by 2.6 in the production of manufacturing industries, with the exception of oil refinery production, compared to 2016.
Manufacturing industries that saw an increase in production include chemical productions, up 5.2 percent, textile manufacturing up by 2.8 percent, clothes and fur manufacturing up 8.7 percent, print and reproduction up 2.6 percent, and machinery equipment products up 3.5 percent.
Food production also increased by 1.1 percent; radio, television and communication productions by 5.0 percent; automotive industry products by 10.3 percent; and other transportation equipment by 14.4 percent.
The report reveals that the boost in the manufacturing industry production is linked to an increase in the production of chemical industries, which recorded a 5.2 percent increase in comparison to 2016.
Likewise, mineral production saw an increase by 19.9 percent, due to the boost in extractive industry production by 21.0 percent, while metallic minerals recorded 1.5 percent.
Electric energy production increased by 7.3 percent.
In contrast, woodwork production decreased by 9.6 percent, pulp and paper production by 2.2 percent, metallic production by 4.2 percent, and metalwork production reduced by 1.4 percent.
MENAFN1603201801600000ID1096604429
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.