Morocco’s High Commission for Planning (HCP) anticipates a rebound in non-financial market services and wholesale trade activity in the second quarter of 2025.
The HCP’s outlook up to Q2 reflects a moderately positive trend, driven by expected growth in logistics and service-related sectors.
Highlighting the resilience of the Moroccan economy in the face of cyclical pressures, the June economic update reveals that 55% of business leaders in the non-financial market services sector expect an improvement, compared to 13% who foresee a decline.
Positive prospects are particularly noted in land and air transport, warehousing, support services, and accommodation. In contrast, postal and maritime segments are expected to contract.
During the first quarter of 2025, activity showed mixed results, with 53% of business leaders reporting a downturn and 25% noting growth.
Capacity utilisation reached 73%, and order books were deemed normal by 83% of operators.
On the employment front, 35% of companies reported hiring, while 21% indicated staff reductions.
In the wholesale trade sector, 68% of operators expect sales to remain stable in Q2, while 26% anticipate growth, particularly in industrial equipment and specialized segments.
Workforce levels are expected to remain unchanged for 84% of businesses.
First-quarter results also point to a stable situation for 61% of wholesalers, with increased sales in fuels and metals, offset by a decline in communication equipment.
Cautious human resources management continues, with 79% of wholesale business leaders maintaining their staffing levels.
SL/te/sf/lb/as/APA