Global Economy
Morocco’s Manufacturing Production Prices Slip 0.1% in December 2025
The High Commission for Planning (HCP) says Morocco’s industrial producer‑price index for the “manufacturing sector excluding oil refining” dropped 0.1% in December 2025 versus the previous month. The decline was driven by a 0.7% fall in food‑related prices and a 0.4% dip in automotive prices, while several other sub‑sectors posted modest gains, notably beverages (+1.1%) and furniture (+0.9%). Indices for extractive industries, electricity and water remained flat, indicating a broadly stable price environment ahead of 2026.
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Key Takeaway
The High Commission for Planning (HCP) reports that Morocco’s industrial producer‑price index for non‑oil‑refining manufacturing fell by 0.1% in December 2025 compared with November.
Sector‑by‑Sector Movements
- Food industry: –0.7%
- Automotive industry: –0.4%
- Beverage manufacturing: +1.1%
- Clothing industry: +0.5%
- Rubber & plastic products: +0.8%
- Furniture manufacturing: +0.9%
- Textile industry: +0.3%
- Metallurgy, chemical and other non‑metallic minerals: +0.1% each
Meanwhile, the producer‑price indices for extractive industries, electricity generation & distribution, and water production & distribution showed no change in December.
These modest fluctuations suggest a largely stable industrial price environment as Morocco heads toward its 2026 economic outlook.