Moroccan companies continue to gain confidence and are investing. This is what the statistics of the High Commission for Planning for the second quarter of 2018 show, in its economic update for July 2018. According to its figures, equipment loans improved by 13.7% compared with the same quarter last year. The increase had an impact on imports of capital goods, which rose by 10%. This trend was driven, in part, by public investment in basic infrastructure, which follows the same dynamic. The institution responsible for statistics confirms the slowdown in the real estate sector, where investment has suffered since mid-2012 from weak demand for residential housing, particularly mid-range and high-end. Overall, gross capital formation (GCF) is estimated to have improved by 3.4% in the second quarter of 2018, compared with 2.8% a year earlier, contributing nearly 1.2 points to GDP growth.
