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File · Morocco: Bank Al-Maghrib industrial surveys

Industry: 22% of respondents rate third-quarter business conditions unfavourable

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Bank Al-Maghrib’s quarterly results, reported on 4 November 2026, show 69% of surveyed industrial firms describing business conditions as normal and 22% as unfavourable in the third quarter of 2026.

Unfavourable assessments reached 27% in textiles and leather, 25% in food manufacturing and 19% in chemicals and related industries. Supply conditions were rated normal by 81% of firms and difficult by 17%, according to accounts of the survey.

Investment reportedly increased across the branches studied except textiles and leather. Firms financed 75% of it with their own funds and 25% through credit. These are company responses to a quarterly survey: the proportions do not measure national growth or an actual increase in future investment.

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