Morocco: The economy is slowing down; payment periods are getting longer

As a follow-up to the survey on Moroccan companies' payment periods published in May 2015, Coface here presents the results of the second edition. Based on the same principle as the 2015 survey, it seeks to analyse changes in Moroccan companies' behaviours and their perceptions of the economic situation.

Companies' payment behaviour remains a relevant indicator of the economic situation. An extension of payment periods and an increase in delays in transactions between companies indicate that they face problems. 2016 will be a difficult year for the Moroccan economy, which is facing a slowdown in activity because of the poor performances of the agricultural sector. Even though the non-agricultural economy is proving to be resilient, payment periods tend to increase in all sectors and the companies surveyed expect activity to stagnate. Late payments continue to be one of the main obstacles to hiring and investment.