Morocco's industrial activity shrinks
Morocco's industrial activity fell by 2%, while manufacturing rose substantially during the second quarter of 2004, a study of the planning department indicated.
The most significant decrease of 65% reported in the canning, fruit and vegetable sector, followed by electric material industry with a 50% drop.
Manufacturing activity saw significant increases, including a 72% rise in soft drink production, 51% in painting and varnish industry and 37% in rubber products.
The construction and public works sector made a good performance with a 34% rise, said the planning department.
Mining production went up by 1%, the energy sector rose by 8% during the second quarter of this year. (menareport.com)
© 2004 Mena Report (www.menareport.com)
- Moroccan economy gets much needed boost
- Public sector shrinking in Egypt
- Global aerospace & defense industry needs to adapt to slow post-recession economic growth according to AlixPartners Study
- Australia's Stimulus Plan May Be Losing Steam as Service Demand Shrinks (Euro Open)
- Euro Zone Consumer Prices to Shrink for Second Month, Boosting Deflation Risk (Euro Open)