Household Confidence Index Improves as Moroccans Show Cautious Optimism
The HCP 's ongoing survey of household sentiment reveals a clear improvement in confidence compared both to the first quarter of 2025 and the same period in 2024.
Despite this, 76% of households reported a decline in their standard of living over the past 12 months, while 17.2% saw it remain stable and just 6.8% noted an improvement. The resulting opinion balance improved to -69.2 points, compared with -76.5 points in the previous quarter and -78.2 points a year earlier.
Looking ahead, expectations for the next 12 months remain cautious: 44.9% of households anticipate a worsening standard of living, 45.4% expect it to stay the same, and 9.7% foresee an improvement. This outlook showed some positive movement, with the opinion balance improving to -35.2 points from -46.3 points in Q1-2025 and -46.1 points in Q2-2024.
Concerns about unemployment remain high, with 71.8% of households expecting joblessness to rise in the coming year, compared to just 14.3% who anticipate a decline. The opinion balance on unemployment stood at -57.5 points.
Regarding durable goods purchases, 72.7% of households believe it is not a good time to make such investments, while only 9.9% think otherwise. This sentiment is reflected in a negative opinion balance of -62.8 points.
Financially, 57.6% of households reported that their income covers their expenses, but 40.6% are relying on debt or savings, and only 1.8% say they are able to save. The overall opinion balance on the current financial situation of households was -38.8 points.
Reflecting on the past 12 months, 50.1% of households felt their financial situation worsened, against 4.2% who experienced improvement, resulting in a balance of -45.9 points. Looking forward, 15.1% expect their financial situation to improve in the next year, 61.3% foresee it remaining stable, and 23.6% anticipate deterioration, with a balance of -8.5 points.
The Household Confidence Index is calculated using seven indicators: four general indicators related to the overall economic situation and three specific to household financial conditions. These include the past and future evolution of living standards, expected changes in unemployment, the appropriateness of purchasing durable goods, and current and past financial status of households. Tags: HCPHousehold Confidence Index
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