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Manufacturing Sector Slows: Production Price Index Falls 0.1% in September
The Moroccan High Commission for Planning (HCP) reports a modest 0.1% decline in the Production Price Index (PPI) for the manufacturing sector excluding oil refining in September 2025. Major contributors to the dip were food manufacturing, non-metallic mineral product manufacturing, electrical equipment production, rubber & plastic products, and textiles. On the upside, metalworking, chemicals, apparel, leather & footwear, and machinery & equipment manufacturing showed small gains. The extracts and utilities sectors remained largely unchanged.
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The High Commission for Planning (HCP) announced that the Production Price Index (PPI) for Morocco’s manufacturing sector—excluding oil refining—fell by 0.1% in September 2025 compared with August.
Key Drivers of the Decline
- Food manufacturing: –0.2%
- Non‑metallic mineral product manufacturing: –0.5%
- Electrical equipment fabrication: –0.3%
- Rubber & plastic product manufacturing: –1.0%
- Textile industry: –0.1%
Positive Moves in Other Sectors
- Metallurgy: +0.1%
- Chemical industry: +0.1%
- Apparel manufacturing: +0.3%
- Leather & footwear: +0.4%
- Machinery & equipment manufacturing: +0.6%
Other Industrial Indices
The PPI for the extraction sector also edged down by 0.1% in September. Production and distribution indices for both electricity and water showed no significant change.