FINANCIAL MARKET HEADLINES
| CÔTE D’IVOIRE | SIB CI | Net income up 15% at the end of September 2021
At the end of September 2021, the Net Banking Income (NBI) of Société Ivoirienne de Banque (SIB CI) shows a growth rate of 2.3% to FCFA 57.3 Bn. In this context, the bank’s net income recorded an increase of 14.8% to FCFA 26.6 Bn during the same period.
ECONOMIC HEADLINES
| MOROCCO | FOREIGN TRADE | Widening of the trade deficit at the end of September 2021
At the end of September 2021, Morocco’s exports of goods and services amounted to MAD 300.2 Bn, rising by 17.4% while imports increased by 21.5% to MAD 391.8 Bn. To this end, the trade deficit stands at MAD -91.6 Bn against MAD -66.8 Bn a year earlier. The coverage rate fell by 2.7 points to 76.6%.
Travel receipts dropped by 6.1% to MAD 24.7 Bn while workers’ remittances jumped by 42.5% to MAD 71.9 Bn. Finally, revenues from FDI increased by 13.6% to MAD 22.4 Bn.
| MOROCCO | SURVEY | Increase in production and sales in September 2021
The results of Bank Al-Maghrib’s monthly economic survey for September 2021 show an increase in production and sales com-pared to the previous month. Likewise, the production Capacity Utilization Rate stood at 73% in September 2021, up 2 points com-pared to the previous month.
| MOROCCO | VEHICLES | Sales up 10% at the end of October 2021 (compared to 2019)
In October 2021, new vehicles’ sales in Morocco reached 12,330 units, down 10.7% compared to the month of October 2019. Mean-while, the aggregate sales during the first 10 months of the year 2021 show an increase of 10.2% compared to the end of October 2019 to settle at 143,967 units. In more details, private cars sales increased by 8.6% to 126,189 units while those of light commer-cial vehicles rose by 22.9% to 17,778 units.
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