ECONOMIC HEADLINES
| MOROCCO | VEHICLES | Sales down 8% at the end of September 2022
In September 2022, sales of new cars in Morocco amounted to 13,898 units, up 4.9% compared to September 2021. Meanwhile, cumulative sales since the beginning of the year recorded a decline of 8.2% to 120,905 units. In more detail, sales of passenger vehicles fell by 6.8% to 107,713 units and those of light commercial vehicles dropped by 17.7% to 13,192 units.
| MOROCCO | SURVEY | The capacity utilization rate down 2 pts in August 2022
The results of Bank Al-Maghrib's monthly business survey show a drop in production in August 2022, compared to the previous month. In this context, the production capacity utilization rate stood at 69% down 2 pts compared to July 2022. Likewise, sales and orders would have declined during the same period with orders books lower than their normative level.
| MOROCCO | RATING | S&P confirms Morocco's rating at BB+ with stable outlook
The international rating agency S&P maintains Morocco's rating unchanged at BB+ with a stable outlook. In addition, S&P fore-casts a growth rate of 1.4% in 2022.
| WAEMU | GDP | A growth rate of 5.7% in Q2 2022
According to the Central Bank of West African States (BCEAO), the economic activity within the WAEMU region stands at 5.7% in Q2 2022, year-on-year.
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