ECONOMIC HEADLINES
| MOROCCO | INDUSTRY | An increase of 2.9% in the price index of manufacturing industries in December 2021

In December 2021, the price index for the “Manufacturing industries excluding oil refining” rose by 2.9% compared to the previous month. Meanwhile, the price indices of the “mining industries”, “production and distribution of electricity” and “production and distribution of water” remained stable during the same period.

| TUNISIA | KEY RATE | The BCT keeps the key rate unchanged at 6.25%
Following the meeting of the Board of Directors of BCT (Central Bank of Tunisia), the latter decided to keep the key interest rate unchanged at 6.25%.

| TUNISIA | INDUSTRY | Investments down 26% in 2021
In 2021, investments in the industry sector fell by 25.8% to TND 2,539.7 Mn. The agribusiness industry as well as the mechanical and electrical industries were the major contributors with respective shares of 37.3% and 25.5%.

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