Morocco’s industrial production prices show mixed performance in August

Morocco’s High Commission for Planning reported a 0.1% decline in manufacturing sector production prices during August 2025, excluding petroleum refining, compared to July levels. The Industrial, Energy, and Mining Production Price Index revealed contrasting dynamics across industrial branches.

Key manufacturing sectors drove the decline, particularly food processing, textiles, and metallurgy. Food industries recorded 0.2% contraction, clothing manufacturing decreased 0.6%, and metallurgical production fell 0.5%, contributing to overall negative momentum across traditional manufacturing segments.

Conversely, machinery and equipment manufacturing demonstrated notable 1.5% growth, partially offsetting broader manufacturing sector’s downward trends. This divergence highlights uneven performance across industrial categories, reflecting varying market conditions and demand patterns affecting different production sectors.

Extractive industries, electricity production and distribution, and water supply sectors maintained stable price indices throughout the observation period without significant variations. This stability contrasts with manufacturing volatility, suggesting different market dynamics and cost structures across industrial categories.

The High Commission characterizes this conjunctural snapshot as confirming contrasted dynamics between industrial branches, featuring moderate price adjustments within contexts marked by market caution and energy sector stability. Manufacturing price movements reflect ongoing economic adjustments as industries respond to evolving domestic and international market conditions.

Statistical analysis indicates that price fluctuations remain relatively contained compared to more volatile periods, suggesting gradual stabilization across most sectors. The mixed performance underscores Morocco’s industrial economy’s complexity, where traditional sectors face different pressures than emerging manufacturing segments focused on machinery and equipment production.

These modest variations occur against broader economic transformation as Morocco diversifies its industrial base while traditional sectors navigate competitive challenges and shifting demand patterns in domestic and export markets.