Moroccan cement demand up 8.4% YoY Oct 2016

Moroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year.

In the first 10 months of 2016, cement sales in the kingdom edged up by 0.9 per cent, according to the Directorate of Financial Studies and Forecasting (DEPF), Ministry of Economy and Finance.

Real estate loans were up 2.4 per cent to MAD246.4bn (US$24.4bn) at the end of the first nine months of 2016, an improvement when compared with the 2.2 per cent increase noted in 9M15.