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Morocco’s household confidence index at its lowest level since in 2008, HCP says

The Moroccan family confidence index is at its lowest stage because the survey started in 2008, in line with the High Commission for planning’s newest publication for the primary quarter of 2022 on Thursday.

The Household Confidence Index (HCI) totaled 53.7 factors, a transparent decline in comparison with 61.2 factors recorded within the earlier quarter, and 68.3 factors recorded in the identical interval a yr earlier.

The decline within the stage of confidence on this quarter is the results of the deterioration of all the indications that make up the index, each compared to the earlier quarter and to the identical quarter final yr, HCP specified.

Feeling of a powerful deterioration in family residing requirements

In the primary quarter of 2022, 75.6% of households reported a deterioration of their lifestyle over the previous 12 months, 15.7% maintained the identical stage and eight.7% improved.

This indicator represented a 66.9 factors decline from each the earlier quarter and the identical interval final yr, which recorded 55.2 factors and 50.5 factors respectively.

Over the following 12 months, 39.1% of households anticipate their lifestyle to worsen, 43.3% anticipate to stay on the similar stage, and 17.6% to enhance.

The future evolution of the usual of residing remained unfavorable with -21.5 factors, up in comparison with -1.3 factors recorded within the earlier quarter and -13.2 factors recorded in the identical interval final yr, HCP added.

Unemployment anticipated to extend even additional

In the primary quarter of 2022, 87.4% of households anticipate unemployment to rise over the following 12 months, whereas a minority of 4.6% anticipate the other.

This indicator remained unfavorable at -82.8 factors, up in comparison with -77.6 factors recorded one quarter earlier, and – 62.2 factors recorded in the identical interval a yr earlier, HCP added.

Unfavorable intention for the acquisition of sturdy items

In the primary quarter of 2022, 76.5% of households consider that this isn’t the best time to buy sturdy items, whereas a minority of 9.8% don’t assume the identical.

This indicator remained unfavorable at -66.7 factors, in comparison with -62.8 factors recorded within the earlier quarter, and -61.6 factors recorded in the identical interval final yr, HCP added.

Pessimistic perceptions of households’ future potential to avoid wasting

In the primary quarter of 2022, 13.9% of households anticipate to save cash over the following 12 months, whereas a majority of 86.1% anticipate not.

This indicator remained unfavorable, at -72.2 factors as a substitute of -69.5 factors within the earlier quarter, and -60.8 factors in the identical quarter final yr, the identical supply added.

Sense of a pointy rise in meals costs

In the primary quarter of 2022, 98.1% of households reported that meals costs have elevated over the previous 12 months, in comparison with solely 0.2% who really feel they’ve decreased.

This indicator additionally remained unfavorable, at -97.9 factors, after being -95.9 factors 1 / 4 earlier, and -74.1 factors in the identical interval final yr, in line with the identical supply.



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