Morning Brief September 10th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | LESIEUR CRISTAL | A profit of MAD 79 Mn in H1 2024 against MAD 23 Mn in H1 2023

ECONOMIC HEADLINES

| MOROCCO | SURVEY | The production capacity utilization rate up to 76% in July 2024
The results of Bank Al-Maghrib’s monthly economic survey show an increase in production and sales during the month of July 2024. To this end, the production capacity utilization rate (TUC) rose by 1 point to 76%. Likewise, orders would have increased during the same period. Nevertheless, order books would have remained at a level below normal

| WAEMU | GDP | BCEAO forecasts a growth rate of 5.7% in Q3 2024
According to the Central Bank of West African States, the growth rate of economic activity within WAEMU would have stood at 5.4% in Q2 2024 compared to 5.1% in Q1 2024. During the 3rd quarter, BCEAO forecasts a growth of 5.7% supported by domestic Demand.

 

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