The Moroccan industrial sector maintained a stable business environment during the second quarter of 2025, with the majority of companies reporting normal operating conditions, according to a new survey conducted by Bank Al-Maghrib.
The quarterly survey showed that 71% of industrial companies described the business climate as “normal,” while only 16% considered conditions to be “unfavorable” during the April-June period.
The textile and leather and chemical mining and refining sectors led the list in terms of optimism and positive outlook. In the textile and leather sector, 89% of companies believed conditions were normal, while only 11% viewed the situation as negative. The chemicals and petrochemicals sector followed, with 75% describing the situation as normal, compared to 10% who considered conditions difficult.
On the other hand, the food manufacturing sector faced greater challenges, with 67% of food industry companies considering conditions normal, while 22% described the situation as unfavorable. In the mechanical and metals sector, 29% of companies reported normal conditions, while 14% reported difficulties.
As for supply chains, most companies were satisfied with their operations, with 87% finding supplies normal, while 13% encountered difficulties. The chemicals and petrochemicals sector experienced the greatest supply challenges, with 20% of companies reporting problems.
The food manufacturing sector saw 12% of companies facing supply difficulties, while the mechanical and metals sector experienced problems at 10%. Textile and leather companies did not experience significant supply chain issues.
Employment levels remained stable across most industrial sectors, with 78% of companies maintaining their headcount, while 18% increased their workforce.
The food manufacturing sector was the most stable in terms of employment, with 84% of companies maintaining their current headcount, while 16% increased their workforce. The chemicals and petrochemicals sector showed 81% stability and 15% increase. While the mechanical and metals sector witnessed a 78% stability and a 17% increase, the textile and leather sector witnessed a 69% stability and a 19% increase.
In the forecast for the next three months, 83% of companies expect employment levels to remain stable, while 16% intend to hire new workers.
As for production costs, there was significant variation across sectors, with 57% of companies reporting that unit production costs remained stable, while 28% recorded increases.
The chemicals and petrochemicals sector experienced the greatest cost pressure, with 35% of companies experiencing an increase in expenses. Food manufacturers saw more moderate increases of 21%. The mechanical and metals sector saw a decrease in costs for half of companies, while textile and leather companies maintained their overall production costs.
