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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MoroccoMorocco Manufacturing Production YoY fell to -1.4% in January 2026
FMPMonthlyReleased June 2026
Morocco Manufacturing Production YoY fell to -1.4% in January 2026, released June 2026, down 5.4% from December's 4.0% reading. The reading missed the 3.6% consensus by 5.0%. The print is running well below the 12-month average of 4.95%. Manufacturing Production YoY is now the lowest in 30 months.
Latest Release
-1.4
Actual
3.6
Consensus
4
Previous
Median Absolute Error
±3.9 percentage points
across last 10 releases
Last Call
Mar 2026
Predicted: 3
Actual: 4
Error: -1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Production YoY (Morocco) was reported at -1.4% in June 2026. This missed the market consensus of 3.6% by 5%. The reading fell from the previous value of 4%. Trailing 12-month context per ETL data through March 2026.
WHY IT MATTERS
The trailing three releases averaged 4.4%, down from the prior three at 5.8%. In March readings over the past 3 years, Manufacturing Production YoY has averaged 5.67%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 10 releases, the Sigmacast model's median absolute error is 3.9%.
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Manufacturing Production YoY - MA
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About Manufacturing Production YoY — Morocco
DEFINITION
Manufacturing Production YoY (Year-over-Year) is a financial indicator that measures the change in the total output of goods produced by the manufacturing sector over a 12-month period. This indicator is used to assess the health and growth of the manufacturing industry, which is a key driver of economic activity. A positive YoY growth indicates an increase in production, while a negative YoY growth suggests a decline. This information is valuable for investors, policymakers, and businesses in making informed decisions about the state of the economy and potential investment opportunities.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual -1.4 %, consensus 3.6 %. Prior reading (Oct 2025): 4 %. Before that (Jul 2025): 2.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.