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Moroccan Manufacturing Producer Prices Slip 0.3% in May
The Haut‑Commissariat au Plan (HCP) reported that Morocco’s production price index for manufacturing (excluding oil refining) fell by 0.3 % in May compared with April. The decline was driven mainly by a 1.1 % drop in food‑related industries, partially offset by modest gains in metallurgy, non‑metallic mineral products and apparel manufacturing.
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The Haut‑Commissariat au Plan (HCP) released its latest industrial price data on Tuesday, June 30, 2026. For the “Manufacturing Industries (excluding oil refining)” segment, the production price index slipped 0.3 % in May compared with April.
Key drivers of the decline
- Food‑related industries saw a sharp ‑1.1 % drop, pulling the overall index down.
- Metallurgy posted a modest gain of +0.3 %.
- Other non‑metallic mineral products rose +0.2 %.
- Apparel manufacturing increased by +0.1 %.
Meanwhile, the price indices for “Extractive Industries”, “Electricity Production & Distribution” and “Water Production & Distribution” remained flat throughout May.
The HCP note on the Industrial, Energy and Mining Producer Price Index (IPPIEM) emphasizes that the mixed performance reflects sector‑specific supply‑demand dynamics, with food prices easing after a strong previous quarter while metal‑related sectors benefit from stable global commodity markets.
Other related headlines on the same day include domestic demand growth, overall economic expansion, and various sectoral updates, but the core focus remains the slight contraction in manufacturing producer prices.