Moroccan cement market contracts 8% in May

Cement sales in Morocco fell 7.6 per cent to 1.24Mt in May. The drop has been attributed to the recession in the real estate sector following a slump in social housing and the slowdown on construction sites as a result of the delay in the formation of a new government and adoption of Finance Law 2017.

In the first five months of 2017, cement sales retreated six per cent to 6.05Mt YoY.