The decrease in the volume of cement sales highlights the decrease in the activities of the construction sector in Morocco

In the second quarter of this year, several sectors of the national economy registered positive growth, with the exception of agriculture and construction. The latter decreased with the drop in cement sales, which is the main indicator of the evolution of the sector.

According to data from the Ministry of Economy and Finance, the construction sector registered, in the first quarter of this year, a development with an increase in its added value of about 1.8 percent; But a lower performance record in the second quarter.

Cement sales, from the beginning of the current year to the end of July, registered around 7.1 million tons, a decrease of 7.4 percent, compared to 7.7 million tons in the same period of the year past, 6.5 million tons in 2020 and 8.1 million tons. in 2019, before the COVID-19 pandemic.

The activity of the construction sector is affected by the turbulence registered in the international market, where professionals registered a significant increase in the prices of construction materials imported from abroad. In the second quarter of this year, the construction and public works sector generated some 30,000 jobs.

At the level of loans directed to real estate, they continued their positive evolution around 2.1 percent in the first quarter of the current year, reaching 297,000 million dirhams, according to data from the Directorate of Financial Studies and Forecasts of the Ministry of Finance. Economy and Finance.

The future of the sector will be affected by what the government decides in terms of support for families to acquire housing, since it is expected to adopt an alternative measure to the incentives aimed at real estate developers in the 2023 Finance Law.