As 2025 kicks off, Moroccan households are showing cautious signs of growing confidence. According to the latest Household Confidence Index released by the High Commission for Planning, the index reached 46.6 points in the first quarter. While the increase is slight—just a notch above the previous quarter’s 46.5 and a more noticeable rise from 45.3 a year ago—it points to a slow but steady stabilization in how families are feeling amid ongoing economic uncertainty.
This modest uptick hints at the resilience many families are demonstrating, even as the broader economic picture remains strained. A significant majority, over 80%, still say their standard of living has declined over the past year. Yet the mood appears to be shifting slightly, with fewer people as pessimistic as before and medium-term expectations holding steady.
When it comes to managing household budgets, nearly 56% of respondents say their incomes are just enough to cover their expenses. That may not sound like much, but in an inflation-heavy climate, it’s a relatively reassuring sign. Many families remain cautious but aren’t giving up on the hope that their financial situations could improve in the near future.
Job security continues to be a major concern, but here too, the alarm bells aren’t ringing quite as loudly. More than 80% still expect unemployment to rise, yet the negative sentiment is softening. The gap between those expecting higher joblessness and those who don’t has narrowed, indicating a slow retreat from the intense pessimism of previous months.
When it comes to spending, most households are still playing it safe. More than 80% believe now isn’t the right time to invest in big-ticket items like furniture or electronics. However, the fact that this number has stayed consistent over recent quarters may suggest people are adjusting to the economic climate rather than growing more fearful.
Rising food prices remain one of the biggest worries. Nearly every household—over 97%—reported that grocery costs have gone up over the past year. Still, there are hints that the worst may be behind them. Expectations for future price increases are slightly less severe, which could mean families are sensing a slowdown in the pace of inflation.
One area where households continue to feel squeezed is savings. Nearly 89% don’t expect to put any money aside anytime soon. Even so, the mood has improved slightly compared to this time last year, suggesting a small but noteworthy recovery in how people see their financial flexibility evolving.
