Morocco’s economy growth up 4.6% in 2010 Q1, HCP says

Rabat – Morocco’s economy growth increased by 4.6% in the first quarter of 2010, the state statistics office HCP said on Thursday.

Non-agricultural value added grew 5.1%, compared to 1.2% a year earlier and 1.9% in the third quarter of 2009, HCP said in its latest note.

The production of red meat and white meat rose by 4.2% and 8.4% respectively at the end of March 2010 compared with the same period of 2009.

Agricultural value added declined in the first quarter of 2010 by nearly 9.6%, according to the same source.

Concerning consumption, HCP said that local car sales rose by 7.8% at end March 2010 and imports of consumer goods decreased by 7.9% in late February 2010.

 The real estate loans grew by 12.9% over the first two months of 2009, compared to 24.9% in the first quarter of 2009.

Source: map.ma

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