2023-12-05 19:02:37
In October 2023, industrial producer prices fell once more over one month, following jumping 0.1% in September and dropping 0.1% in August of this year.
Indeed, according to data published by the High Commission for Planning (HCP), the producer price index for the “Manufacturing industries excluding oil refining” sector fell by 0.3% during the month. last October compared to September 2023.
This decline is the result of the drop in prices of 0.9% in “Food industries” and 0.1% in “Metallurgy”, explained the public body responsible for production, analysis and publication of official statistics in Morocco.
This development is also explained by the increase in prices of 0.8% in the “Clothing Industry” and 0.7% in the “Textile Industry”, added the institution headed by Ahmed Lahlimi Alami in its information note relating to the industrial, energy and mining producer price index for the month of October 2023.
As a reminder, the previous drop in producer prices in industry was recorded in August 2023 (0.1%). In its information note at the time, the High Commission attributed it to the 4% drop in prices in “Metallurgy” and the 1.4% increase in prices in the “Clothing industry”. » and 0.2% of “Food industries”.
Let us also remember that the decline in this index occurred following two months in a row of increases in July (0.8%) and June (0.2%).
Increases due, for the first, to the increase in prices of 2.9% in the “Chemical industry”, 0.9% in “Food industries”, 1.1% in “Beverage manufacturing” , 0.2% of “Metallurgy”, 0.3% of “Manufacture of rubber and plastic products” and 0.1% of “Manufacture of machines and equipment” as well as downward 0.7% of “Textile industry”, 0.1% of “Manufacture of electrical equipment” and 0.3% of “Woodworking”. And for the second to the increase in prices of 1.2% in “Metallurgy”, 0.4% in “Manufacture of electrical equipment”, 0.3% in “Clothing industry” and 0.1% in “Manufacture of rubber and plastic products” and “Manufacture of machines and equipment” as well as a drop of 0.2% in “Food industries”.
As for the recovery observed during the following month (September 2023), it was justified by the increase in prices of 0.2% in the “Food industries”, 0.9% in the “Industry of the clothing”, 0.3% of “Metallurgy” and “Textile industry”, 0.4% of “Woodworking and manufacture of articles of wood and cork” and 0.1 % of the “Leather and footwear industry”.
In an information note relating to this period, the High Commission also justified this development by the drop in prices of 0.3% in the “Automotive industry” and 0.1% in the “Manufacture of products in rubber and plastic.
According to data relating to the evolution of producer prices in October 2023, as was observed during the month of September of the current year, the producer price indices of “Extractive industries”, of the “Production and distribution of electricity” and “Production and distribution of water” experienced stagnation.
It should be noted that during the month of last August, the producer price index of the “Extractive Industries” sector experienced a decrease of 0.1%.
Only the producer price indices of the “Electricity production and distribution” and “Water production and distribution” sectors experienced stagnation for the same month.
Alain Bouithy
1701825048
#Industrial #producer #prices #start #fall #month
