FINANCIAL MARKET HEADLINES
| MOROCCO | TAQA MOROCCO | NIGS down 10% at the end of September 2020
| Indicators (MAD Mn) | 9M 2019 | 9M 2020 | Change |
|---|---|---|---|
| Revenues | 6 910 | 6 019 | -12,9% |
| EBIT | 1 921 | 1 816 | -5,5% |
| EBIT margin | 27,8% | 30,2% | +2,4 pts |
| NIGS | 789 | 709 | -10,1% |
| Net margin | 11,4% | 11,8% | +0,4 pt |
| MOROCCO | CDM | NIGS down 76% at the end of September 2020
| Indicators (MAD Mn) | 9M 2019 | 9M 2020 | Change |
|---|---|---|---|
| NBI | 1 785 | 1 774 | -0,6% |
| Gross Operating Income | 876 | 760 | -13,3% |
| GOI margin | 49,1% | 42,8% | -6,3 pts |
| Cost of risk | 210 | 567 | 169,7% |
| NIGS | 435 | 104 | -76,1% |
| Net margin | 24,4% | 5,9% | -18,5 pts |
ECONOMIC HEADLINES
| WAEMU | INFLATION | An inflation rate of 2.9% in September 2020
According to the Central Bank of West African States, the inflation rate in WAEMU member countries amounted to 2.9% in September 2020. This is mainly the result of the increase in prices in the “Food and non-alcoholic beverages” (+2.3%), “Housing” (+0.2%) and “Restaurants and Hotels” (+0.2%).
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