Bank Al-Maghrib: Morocco’s Industrial Activity Rises, Still Down from 2019 ...Morocco

Rabat – The central bank, Bank Al-Maghrib, said Morocco’s production and sales in the industrial sector improved in October in all branches.Bank Al-Maghribshared a forecast cited by Morocco’s state media, saying companies’ activities were lower compared to a year earlier due to the COVID-19 crisis.Thebanksaid the capacity utilization rate (TUC) stood at 72% in October after recording 70% in September.The results are part of a survey the bank carried out between November 2 and 26, with a representative sample comprising neary 400 industrial companies.The survey shows an increase in production and sales affecting all branches of activity.With regard to overall orders, the bank said that

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