Moroccan economic growth should reach 3.4% in 2012 (DEPF)
The Director of Studies and Financial Forecasts (DEPF) under the Ministry of Economy and Finance, provides for an adjustment of economic growth to 3.4% in 2012, fired primarily by non-agricultural activities.
Source : https://www.marocafrik.com/english/Moroccan-econom...
Agricultural value added would see a decline limited to 6%, despite the decline in cereal production by 43% during the crop year 2011/12 (cereal harvest is expected to reach only 48 million hundredweight), and because of the expected performance at the activity level of livestock, fruit trees and crops, said the DEPF in a memo on the economy for the month of May, released on Thursday.
For their part, the fish catches inshore and artisanal were marked up 22% through April, according to latest data released by the National Fisheries Office (ONP).This situation is due almost exclusively in the 31.8% increase in the landing of sardines.
The export value of seafood products, meanwhile, stood at 4.65 billion dirhams in late April, up 11.8% year on year,in line with buoyant exports of crustaceans and molluscs, canned fish and fresh fish.
Concerning the export activity of the Office Chérifien phosphate (OCP), it generated nearly 10.9 billion dirhams in revenues to the end of March against 10.2 billion dirhams a year earlier, an increase of nearly 720 million dirhams.
In terms of electricity sales, they have strengthened by 12% during the first quarter of this year-over-year. This
improvement is due to the 12.4% increase in consumption of high voltage energy and 10.3% of those on low voltage, the note says.
With regard to financing real estate transactions, outstanding housing loans stood at 209.4 billion dirhams near the end of March, up 8% year on year.
However, the number of tourist arrivals totaled 1.7 million tourists by the end of March, down 5% year on year, after increasing by 6 per cent a year earlier. This decline was mainly due to lower foreign tourist arrivals by 8%.
Thus, travel receipts totaled some 12.1 billion dirhams during the first quarter of 2012, down slightly from 0.7% year on year
For their part, the fish catches inshore and artisanal were marked up 22% through April, according to latest data released by the National Fisheries Office (ONP).This situation is due almost exclusively in the 31.8% increase in the landing of sardines.
The export value of seafood products, meanwhile, stood at 4.65 billion dirhams in late April, up 11.8% year on year,in line with buoyant exports of crustaceans and molluscs, canned fish and fresh fish.
Concerning the export activity of the Office Chérifien phosphate (OCP), it generated nearly 10.9 billion dirhams in revenues to the end of March against 10.2 billion dirhams a year earlier, an increase of nearly 720 million dirhams.
In terms of electricity sales, they have strengthened by 12% during the first quarter of this year-over-year. This
improvement is due to the 12.4% increase in consumption of high voltage energy and 10.3% of those on low voltage, the note says.
With regard to financing real estate transactions, outstanding housing loans stood at 209.4 billion dirhams near the end of March, up 8% year on year.
However, the number of tourist arrivals totaled 1.7 million tourists by the end of March, down 5% year on year, after increasing by 6 per cent a year earlier. This decline was mainly due to lower foreign tourist arrivals by 8%.
Thus, travel receipts totaled some 12.1 billion dirhams during the first quarter of 2012, down slightly from 0.7% year on year
Source : https://www.marocafrik.com/english/Moroccan-econom...