HCP: Persistent concerns among Moroccan households

The burden of the current economic situation continues to weigh heavily on households, with little indication of imminent relief in the near future. The results of the Permanent Household Business Survey conducted by the Haut-Commissariat au Plan (HCP) in the third quarter of 2023 show that, although household morale improved slightly on the previous quarter, it remains below the levels recorded in the same quarter of the previous year. The note reveals, in this sense, that “the Household Confidence Index (ICM) stands at 46.5 points instead of 45.4 points recorded in the previous quarter and 47.4 points in the same quarter of the previous year”.  Survey figures reveal significant concerns among Moroccan households. In the third quarter of 2023, 86.1% of households reported a deterioration in their standard of living over the past 12 months, while 52.5% expected a similar deterioration over the next 12 months. 

According to the Haut-Commissariat au Plan, in the third quarter of 2023, the main concern of Moroccan households will be employment. Indeed, 86.7% of households expect unemployment to rise over the next 12 months, while only 4.8% expect the situation to improve. These data highlight the climate of uncertainty regarding job stability, with a negative balance of opinion of minus 81.9 points. 

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