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Construction: business leaders have no morale

By Ismail Benbaba on 09/22/2022 at 7:49 p.m.

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Kiosk360. According to the HCP, the heads of construction companies anticipate a drop in activity in the 3rd quarter. This article is a press review of the newspaper Today Le Maroc.

Business leaders in the construction sector anticipate a decrease in activity for the 3rd quarter of 2022, reports Today Morocco in its publication this Friday.

Quoting the High Commission for Planning, the newspaper indicates that this situation would result mainly from the drop in activity expected in “Civil Engineering”, and that this development in the construction sector would be accompanied by a stability in the workforce employed.

“In the 3rd quarter of 2022, 42% of construction companies encountered difficulties in the supply of raw materials. Regarding cash flow, 66% of business leaders consider it difficult”, we note. In the 2nd quarter, activity in the sector was stable due, on the one hand, to the stability of activity in “Civil engineering” and, on the other hand, to the increase in activity in “construction of buildings”. Note also that construction order books would have been at a lower level than normal and that employment would have been stable.

According to the HCP, in the industry sector, companies in the manufacturing industry expect stable production in the third quarter. The same source points out that these expectations are attributable, on the one hand, to an increase in the activity of the “manufacture of other non-metallic mineral products” and of the “clothing industry” and, on the other hand, to a decrease in that of the ‘automotive industry’ and the ‘paper and cardboard industry’.

“Concerning employment expectations, industrialists foresee overall stability in the number of employees employed. It should be noted that in the 3rd quarter, 52% of companies in the manufacturing industry encountered difficulties in the supply of raw materials, mainly those of foreign origin”, specifies Today Moroccoadding that the stocks of raw materials during this quarter are at a normal level and that the cash is considered “difficult” according to 36% of the bosses.

Note that in the extractive industry, companies expect an increase in their production. This development is mainly attributable to an increase in the production of phosphates. “The bosses of the sector foresee a drop in the number of employees employed. The energy production expected for the 3rd quarter would experience an increase attributable to an increase in the “production and distribution of electricity, gas, steam and air conditioning”. On the other hand, employment should suffer a decline”, concludes Today Morocco.

By Ismail Benbaba


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