Reuters looks at the latest financial news from Morocco, where industrial growth plans are yielding positive results in exports:
Morocco’s January-to-August trade deficit narrowed by 3.1 percent from a year earlier to 131.06 billion dirhams ($15.25 billion), the foreign exchange regulator said on Monday, as exports increased.
Morocco’s exports rose 7.1 percent to 131.72 billion dirhams (up from 122.97 billion) in the first eight months of 2014, led by the auto, electronic and aviation industries, which surged 32.6 percent, 26.3 percent and 3.7 percent respectively.
The regulator said imports for the first eight months of 2014 totalled 262.79 billion dirhams, up 1.8 percent, from 258.26 billion a year earlier. Energy imports fell 1.4 percent to 66.05 billion dirhams from the same period of 2013…[Read More]