Household confidence in Morocco falls to 59.2 points in third quarter

The HCP index falls quarter on quarter but rises year on year. Responses point to tight budgets and weak savings prospects.

By Chinedu Okafor · 16 October 2026 · 1 min read

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Vegetable market in Salé, Morocco, photographed on 30 April 2024. Archive illustrative photo, unrelated to the interviews for the third-quarter 2026 survey. Mounir Neddi / Wikimedia Commons, CC BY-SA 4.0. Resized and converted to WebP.

Household confidence in Morocco fell to 59.2 points in the third quarter of 2026, from 60.1 points in the previous quarter, according to the survey published on Thursday, 15 October, by the High Commission for Planning (HCP). The index nonetheless remains above the 53.6 points recorded a year earlier.

In the survey, 39% of households say they borrow or draw on their savings to cover their spending, while 58.2% consider their income sufficient. Only 2.8% say they set aside part of their income.

Over the next twelve months, 7.5% of households expect to be able to save, compared with 92.5% who do not foresee this. This expectation differs from the savings they report making at the time of the survey.

For 63.8% of households, the time is not right to buy durable goods, compared with 14.5% who consider the period favourable. On food, 77.9% expect food prices to rise over the next twelve months.

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