MEDI1TV Afrique : JT Economie - 09/10/2024
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00:00Hello and welcome, it's time for your economic news report.
00:12In Morocco, inflation reached 1.2% in the third quarter of this year, against 0.8% in the previous quarter.
00:20According to the Haut-Commissariat-au-Plan, this recovery is mainly due to the rise in food prices,
00:27including meat and poultry, while the prices of non-food products have slowed.
00:32Subsequent inflation has also slightly increased, reaching 2.4%, reflecting the rise in food prices,
00:40but mitigated by a decrease in the prices of manufactured goods and services.
00:45The slowdown in energy prices, with a decrease in oil products,
00:50has also contributed to moderate inflation despite pressure on gas prices.
00:56We are still with the latest HCP bulletin, which predicts an economic growth of 2.5% for the fourth quarter of this year,
01:06revised at a decrease of 2.8% expected in the third quarter.
01:12This revision is mainly due to a reduction in exports and adjustments in the extractive and chemical sectors.
01:20The Haut-Commissariat-au-Plan emphasizes that household consumption remains a key pillar of growth,
01:26supported by gains in purchasing power and public investment in the hydraulic infrastructure.
01:32However, difficulties persist in certain industries,
01:36notably agri-foods, affected by the low local supply and high costs.
01:41The other significant figure of the HCP concerns the Moroccan domestic demand,
01:46which recorded a 5% increase in the third quarter.
01:51According to the Haut-Commissariat-au-Plan, this increase marks a consolidation of the recovery started in mid-2023,
01:58despite an inflation still present.
02:01Household consumption, supported by an increase in wage revenues and public transfers,
02:07has contributed to this dynamic, with a 3.2% increase over the period.
02:12Investment spending in companies has also strengthened activity, recording an increase of 9.6%.
02:20In international economic news, France's trade deficit has slightly dropped to 6.7 billion euros in August,
02:30despite a decrease in energy costs due to a stronger drop in exports than in imports.
02:37In a month, exports fell by 300 million euros, more than imports, which fell by 100 million euros.
02:45According to French customs, the trade deficit in July was seen to rise to 6.5 billion euros,
02:54after initially being accounted for at 5.9 billion euros.
02:59Over 12 months, however, France's accumulated deficit continued to decline in August,
03:05returning to 82.1 billion euros against 82.6 billion in July.
03:11Direction now to the United States, where the trade deficit has strongly receded in August
03:17compared to the previous month, thanks to a sensitive increase in exports coupled with a decline in imports,
03:24according to the Department of Commerce.
03:26The trade deficit of goods and services with the rest of the world reached 70.4 billion dollars in August,
03:34falling by 10.8% compared to July,
03:38better anticipated by analysts who expected a decline but less marked at 71.3 billion dollars.
03:46In August, exports rose by 2% over a month with an increase in almost all sectors,
03:53with the exception of oil.
03:56On the side of goods, progress is particularly marked for pharmaceutical preparations,
04:01as well as gold production, as well as car parts and vehicles.
04:05For services, travel remains the main vector of growth.
04:09Imports are falling by 0.9% in August over a month and are primarily concerned with goods,
04:15with a marked drop in raw materials as well as the automotive sector.
04:21We come to the end of our edition today, good continuation of the programs.