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HCP Report Shows an Increase in Morocco’s Industrial Production Prices

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Rabat- Morocco has experienced a 0.1 percent increase in the price index of industrial production in March 2018, according to a report by the Moroccan Higher Planning Commission (HCP). In its latest report, the HCP, in charge of economic, demographic, and social statistics, revealed that the industrial production index rose to 0.1 percent compared to February, with the exception of oil refining. Progress throughout March is linked to the increase in production prices of metallurgy by 0.7 percent, pulp and paper industry by 1.0 percent, electrical equipment production by 1.1 percent, clothing and textile production, and woodwork and cork production each rose by 0.4 percent, respectively. Industrial production prices also saw some decrease in the same period, as metal fabrication decreased by 0.1 percent, although machinery equipment production remained unchanged.Meanwhile, prices of extractive industries and electric power and water distribution experienced no change and amounted to MAD 115.3 kWh for electricity prices, and MAD 119.0 Kl for water throughout the entire month since February. read more

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