Rabat – Morocco’s household confidence index (HCI) rose to 57.6 points in the fourth quarter of 2025, up from 46.5 points during the same period in 2024, according to data released by the High Commission for Planning (HCP).
Despite this rise, the survey reveals that the majority of Moroccan households continue to feel the pinch. In the fourth quarter of 2025, 77.8% of households reported a deterioration in their standard of living over the past 12 months, while only 5.3% felt it had improved.
The net balance of opinion, although slightly better than previous periods, remained deeply negative at -72.5 points, compared with -72.9 points in the previous quarter and -76.2 points in Q4 2024. Looking ahead, nearly half of households (49.4%) expect their living standards to worsen over the next year, while 40.7% foresee stability and only 9.9% anticipate an improvement.
Concerns extend to employment, with 65.2% of households expecting a rise in unemployment over the next 12 months, compared with 17.5% who anticipate a decrease. The net employment outlook improved to -47.7 points from -56.4 points in the previous quarter and -77.2 points a year earlier.
Consumer sentiment remains cautious. Over two-thirds of households (67.1%) said the fourth quarter was not a favorable time to purchase durable goods, though the indicator improved from -57.7 points in Q3 2025 and -71.9 points in Q4 2024.
Households also continue to struggle financially. In Q4 2025, 58.4% of families reported that their income covers their expenses, while 39.2% relied on savings or credit, and only 2.4% managed to save. The net financial situation indicator remained negative at -36.6 points, slightly worse than -36.4 points in the previous quarter but better than -38.9 points in the same period last year.
When asked about changes over the past year, 48.6% of households said their financial situation had worsened, while only 5.1% reported improvement. Looking forward, expectations for financial improvement remain limited, with just 16.4% anticipating a better situation in 2026.
The HCI is based on seven indicators covering both general economic conditions and household-specific circumstances. These include past and expected changes in living standards, unemployment expectations, the timing for durable good purchases, current household financial situation, and past and future financial trends for households.
