Moroccan Household Confidence Rises to 60.1 in Q2 2026, Yet Outlook Remains Cautious

On July 15, 2026, the High Commission for Planning (HCP) released its latest household sentiment survey covering the second quarter of 2026.

Key Results

• Overall confidence index: 60.1 points, up from 54.6 points in Q2 2025.
• Living‑standard trend (past 12 months): 78.3% of households say their standard of living fell, 16.5% see no change, and only 5.2% report improvement. The net balance is –73.1 points.
• Living‑standard outlook (next 12 months): 51% expect a decline, 39.7% anticipate stability, and 9.3% foresee improvement. Net balance –41.7 points.
• Unemployment expectations: 57.2% anticipate higher unemployment in the next year, while 18.4% expect it to fall and 24.4% think it will stay flat. Net balance –38.8 points.
• Durable‑goods purchases: 65.3% believe it is not the right time to buy durable goods, versus 14.7% who disagree. Net balance –50.6 points.
• Current financial situation: 58.7% say their income covers expenses, 38.7% rely on borrowing or savings, and 2.6% are able to save. Net balance –36.1 points.
• Financial situation change (past 12 months): 43.8% report a deterioration, 4.9% an improvement. Net balance –38.9 points.
• Financial outlook (next 12 months): 17.8% expect improvement, 64.5% expect no change, and 17.7% foresee a decline. Net balance +0.1 point.

The confidence index is built from seven sub‑indicators covering past and future living‑standard trends, unemployment expectations, willingness to purchase durable goods, and both current and projected household financial conditions.