Standard of Living Improved for One-Third of Moroccan Households in 2017

Rabat – The index of household confidence (ICM) for the third quarter of 2017 stood at 85.5 points, instead of 85.8 points a quarter earlier, revealed the High Commission of Planning in a recent report. In the third quarter of 2017, 36.4 percent of households reported a decline in their standard of living over the last 12 months.Meanwhile, 30.4 percent of households saw that their standard of living remained stable, and 33.2 percent reported an improvement. Overall, the standard of living remained negative, at -3.1 points. Nevertheless, it has improved compared to the previous quarter of the same year, which recorded -8.1 points.Over the next 12 months, 24.1 percent of households expect a decline in standard of living, 41.3 percent foresee that it will remain in the same level, and 34.6 percent expect an improvement.In terms of employment, 73.6 percent of households expect a rise in unemployment over the next 12 months compared to13.7 percent in the third quarter of 2017.The balance of opinion thus remained negative, at -59.9 points, down from the previous quarter when it recorded -54.3 points.In the third quarter of 2017, 54.7 percent against 23.3 percent of households consider that the time is not appropriate to purchase durable goods.The balance of opinion for this indicator remained negative, falling to -31.5 points compared with -28.2 points in the previous quarter.During the same period, 63 percent of households estimate that their incomes cover their expenses, 29.8 percent say that they rely on debt, while only 7.2 percent say they save a part of their income.The balance of opinion to the current financial situation of households remained negative at -22.6 points, an improvement compared to the previous quarter when it was at -25.3 points.Speaking on the future of their financial situation over the next 12 months, 32.1 percent of households expect an improvement in their financial situation, 12.5 percent who do not.The balance of opinion remained positive at 19.6 points, down from the previous quarter when it was 22.1 points.

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