Financial Market Headlines
| MOROCCO | S2M | NIGS up 37% in 2024
| MOROCCO | SRM | A profit of MAD 2 Mn in 2024 against a loss of MAD -9 Mn in 2023
Economic Headlines
| MOROCCO | BANK LOANS | An increase of 4% at the end of February 2025
At the end of February 2025, bank loans reached MAD 1,131.4 Bn, down 0.3% compared to the previous month and up 3.9% year-on-year. In more detail, mortgages loans (MAD 311.5 Bn), equipment loans (MAD 245.4 Bn), treasury loans (MAD 245.5 Bn), and consumer loans (MAD 58.9 Bn) show respective increases of 2.7%, 17.6%, 2.5% and 1.8%. Finally, non-profitable loans reached MAD 98.1 Bn, up 3.2%.
| MOROCCO | FOREIGN TRADE | Widening of the trade deficit at the end of February 2025
At the end of February 2025, imports of goods and services amounted to MAD 129.2 Bn, up 8.0%. Likewise, exports increased by 1.3% to MAD 105.9 Bn. In this context, the trade deficit stood at MAD -23.4 Bn at the end of February 2025 compared to MAD -15.1 Bn a year earlier.
The coverage rate decreased by 5.5 pts to 81.9%. Finally, travel receipts and FDI recorded respective increases of 2.8% and 27.9% to MAD 15.8 Bn and MAD 9.0 Bn. Meanwhile, workers remittances declined by 0.9% to MAD 17.9 Bn.
| MOROCCO | CEMENT | Sales up 4.5% in Q1 2025
In March 2025, cement sales reached 896,535 tons, recording a decline of 12.8% compared to the same period of the previous year. In Q1 2025, these showed an increase of 4.5% to 3,381,918 tons.
| WAEMU | INFLATION | An inflation rate of 2.1% in February 2025
According to the Central Bank of West African States (BCEAO), the inflation rate in the WAEMU region stood at 2.1% during the month of February 2025. This is mainly fueled by the increase in the prices of “Food products and non-alcoholic beverag es” (+1.7%).
