Rabat – Morocco’s industrial prices experienced a slight decline in September 2025, reflecting the mixed performance of key manufacturing sectors.
According to data from the High Commission for Planning (HCP), the producer price index for “manufacturing industries excluding petroleum refining” dropped by 0.1% compared to August.
Producer prices, often referred to as the “factory gate” prices, measure the average change over time in the selling prices received by domestic producers for their goods.
When these prices decrease, it can signal easing cost pressures in production, which may eventually affect consumer prices.
Food, textile, and rubber industries see drops
The decline was mainly driven by lower prices in several major sectors. The food industry fell by 0.2%, continuing a slight cooling trend after months of volatility linked to international grain and oil markets.
Prices in the non-metallic minerals sector, which includes items like cement, glass, and ceramics, dropped by 0.5%, while electrical equipment manufacturing saw a 0.3% decrease.
The rubber and plastics sector registered the largest decline at 1.0% which depicts global price corrections for raw materials such as synthetic polymers. The textile industry also recorded a small 0.1% dip, in line with global slowdowns in consumer demand for apparel and fabrics.
Not all sectors moved downward. Metallurgy and chemical industries saw slight increases of 0.1%, supported by stable global demand for metals and fertilizers.
The clothing industry rose by 0.3%, and the leather and footwear sector grew by 0.4%, driven by export orders ahead of the winter season.
The machinery and equipment sectors posted the strongest gain, with a 0.6% increase, pointing to steady investment in industrial tools and technology.
Extractive industries and utilities remain stable
Outside manufacturing, the producer price index for extractive industries, which includes mining and quarrying, fell by 0.1%. This mirrors minor adjustments in global commodity prices, particularly phosphates, one of Morocco’s key exports.
Meanwhile, prices in the electricity and water production and distribution sectors remained unchanged, indicating overall price stability in essential utilities despite broader economic fluctuations.
While some industries are facing cost pressures and international slowdowns, others, particularly those tied to exports and manufacturing technology, continue to show resilience.