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Morocco’s Textile Industry Under Pressure as Output, Sales, and Orders Drop
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Morocco’s Textile Industry Under Pressure as Output, Sales, and Orders Drop
Morocco’s textile and leather industry continued to contract in March, posting the weakest performance among manufacturing branches even as overall industrial activity improved, according to the latest monthly survey by Bank Al-Maghrib. The central bank’s detailed breakdown shows 45% of textile firms reported lower production during the month, while only 12% recorded an increase, resulting in the sharpest negative balance across manufacturing at…
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