Morocco. Sharp drop in the production index in the automotive and wood industries

IPIEM excluding petroleum refining was down 21.4% in the second quarter. Ph: DR.

SAccording to figures published by the High Commission for Planning, the production index of manufacturing industries excluding petroleum refining showed a decrease of 21.4% during the second quarter of 2020 compared to the same period of 2019. It had recorded an increase of 0.5% in the first quarter of 2020 compared to the same period of 2019.

In an information note relating to the index of industrial, energy and mining production (Base 100: 2015), from the second quarter of last year, the public institution attributed this regression in particular to the respective drops in the production indices of the branches of the “automobile industry” (57.1%), the “manufacturing of other non-metallic mineral products” (31.5%), the “clothing industry” (37.4%), “textile manufacturing” (44.7%), “metallurgy” (48.3%) and “rubber and plastic product manufacturing” (48.1%).

The decline in the IPIEM excluding petroleum refining recorded during this same period is also the result of the drops observed in the production indices of the branches of “electrical equipment manufacturing” (42.4%), “manufacturing”. metal products ”(49.8%), the“ leather and footwear industry ”(43.0%) and the“ wood industry ”(62.5%), according to the HCP.

In its note, the High Commission on the other hand noted an increase in the index of the “chemical industry” of 3.3% during the same quarter.

As a reminder, the increase in the production index of manufacturing industries excluding petroleum refining, observed during the first quarter of 2020, resulted in particular from the increase in the production index of “chemical industries” (8 , 2%), that of “food industries” (7.5%), that of “pharmaceutical industries” (17.5%), that of “articles of clothing” (6.4%), that of “paper and cardboard” (9.5%) and that of “woodworking” (5.9%).

In a note on the evolution of the IPIEM excluding petroleum refining during the previous quarter, the High Commission had on the other hand noted a drop of 20.3% of the index of the “automobile industry”.

A decline that the economists of the institution had also observed at the level of the indices of the “industry of other non-metallic products” (4.5%), “metallurgy” (14.7%), “Electronics industry” (15.4%), “textile industry” (2.4%) and “leather and footwear industries” (26.3%).

Note also that the increase in this index in the first quarter followed the 2.4% increase recorded in the fourth quarter of 2019.

An evolution that the HCP had at this period explained in particular by the increase in the production index of “chemical industries” (6.6%), that of “metallurgy” (22.3%), that of ” other non-metallic mineral products “(2.4%), that of” metal products “(5.4%), that of the” pharmaceutical industry “by 3.5% and that of” automotive industry ”(1.5%).

It should be noted that in the second quarter of the current year, statistical data collected by the High Commission for Planning shows that the index of production of extractive industries recorded an increase of 7.6%, resulting from the increase the production index of “other extractive industries” of 8.2% and the drop in the production index of “metal ore mining” by 8.2%, noted the note of the HCP.

Regarding the electricity production index, the figures indicate that it registered a drop of 12.7% for this second quarter.

Recall that in the first quarter of last year, the index of production of extractive industries showed a decrease of 0.4%, resulting from the drop in the index of production of “various products of the extractive industries” (0.2 %) and that of “metallic ores” (7.7%). As for the index of the production of electric energy, it had recorded a decline of 3.4%.

Alain Bouithy

Leave a Comment