Cement sales in Morocco soared by around 25 percent year-on-year in the first five months of 2021 due to recovery in the domestic economy and public projects following a steep downturn due to Coronavirus, according to official data. 

Demand for the building material, which mirrors the level of activity in the construction sector in the North African Arab country, plunged by nearly 26 percent in the first five months of 2020 to its lowest level for that period since 2005, showed the figures published by the Moroccan Hespress Newspaper on Tuesday. 

“Cement sales during Jan-May this year sharply rebounded and recorded an increase of around 25.4 percent compared with the same period of last year…the level this year is almost equivalent to the high demand recorded in the same period of 2019,” the report said. 

It attributed the recovery to a 6.1 percent rise in housing loans, an upturn in public projects and government stimulant economic measures to face the Covid-18 slump. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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