2023-09-09 07:37:00
The High Commission for Planning (HCP) recently presented the main assessments of business leaders, taken from business surveys carried out by the organization for the third quarter of 2023 among companies operating in various sectors, notably industry and construction.
These assessments published in a recent HCP note concern the evolution of activity during the 2nd quarter of 2023 and the forecasts for the 3rd quarter of this year. The details.
Manufacturing industry
In the 2nd quarter of 2023, production in the manufacturing industry would have recorded an increase, due to an increase in production in the branches of “Food industry”, “Manufacture of metal products, with the exception of machines and equipment” as well as “Manufacture of electrical equipment”. On the other hand, a drop in production was observed in the “Automotive industry” and “Paper and cardboard industry” branches.
Order books in this sector are considered to be at a normal level according to business leaders. Regarding employment, he would have experienced stability. Overall, the production capacity utilization rate (TUC) in the manufacturing industry would have been 76%.
During the same period, around 31% of companies in the manufacturing industry encountered difficulties in sourcing raw materials, mainly those of foreign origin.
As for stocks of raw materials, they would have remained at a normal level, while cash flow would have been described as “difficult” by 23% of business leaders. This proportion reaches nearly 27% in the “Food industries” sector.
For the 3rd quarter, companies in the manufacturing industry expect stability in their production. These expectations would be attributable, on the one hand, to an increase in the activity of “Metallurgy” and the “Food industry” and, on the other hand, to a decrease in that of the “Manufacture of other products non-metallic minerals”, the “Chemical industry” and the “Automotive industry”.
Regarding employment expectations, manufacturers generally expect stability in the number of employees.
Industrie extractive
During the 2nd quarter, production in the extractive industry recorded an increase, mainly due to an increase in phosphate production. However, the selling prices of products in this sector would have seen a decrease, and employment would also have recorded a drop.
Companies in this sector are forecasting an increase in their production for the 3rd quarter of 2023. This development would be mainly attributable to an increase in the production of phosphates. In terms of numbers employed, bosses in this sector anticipate a decrease.
Energy industry
In the 2nd quarter of 2023, the production of the energy industry would have shown a notable increase, mainly attributable to the increase in “Production and distribution of electricity, gas, steam and air conditioning”. Order books in this sector would have maintained a normal level. Regarding employment, an increase would have been noted.
Energy production expected for the 3rd quarter of 2023 would increase attributable to the increase in “Production and distribution of electricity, gas, steam and air conditioning”. As for employment, there would be stability in the workforce.
Environmental industry
Regarding the environmental industry, production would have experienced stability, mainly due to stationary activity in the field of “Water Catchment, Treatment and Distribution”. Order books in this sector would also have been at a normal level, and employment would have maintained stability.
For the 3rd quarter, companies in the environmental industry anticipate stability in production, particularly in the “Water capture, treatment and distribution” activities, and stability in the number of employees employed.
Building sector
During the 2nd quarter of 2023, activity in the construction sector would have recorded stability. This trend would be attributable to an increase in activity in the field of “Civil Engineering” as well as in the “Specialized construction work” branch, combined with a stability observed in the “Building construction” branch.
For their part, order books in the construction sector would have maintained a level considered normal, and employment would also have experienced stability. The production capacity utilization rate (TUC) in this sector would thus have stood at 69%.
During this period, around 29% of companies in the construction sector reportedly faced difficulties in sourcing raw materials. Regarding cash flow, 41% of business leaders would have described it as “difficult”.
As for the 3rd quarter of 2023, business leaders in the construction sector anticipate an increase in activity. This would be due to the forecast of an increase in the field of “Civil Engineering” and a stagnation in the branch of “Building Construction”. The number of employees should, for their part, remain stable.
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