Morocco’s 2026 Economy Near 5% Growth Amid Weak Household Confidence

The Moroccan High Commission for Planning (HCP) projects the national economy to expand by 4.8 % in the second quarter of 2026, accelerating to about 5.4 % in the third quarter, driven by a rebound in agriculture, resilient services and a gradual industrial recovery in manufacturing. The same agency reports that the household confidence index stood at 60.1 points in Q2 2026, up from 54.6 points a year earlier but down from the previous quarter. Despite the modest improvement, 78 % of households say their living standards have deteriorated over the past twelve months, and 57 % expect higher unemployment in the coming year. Around two‑thirds consider the current period unsuitable for purchasing durable goods. Regional data show per‑capita consumption averaging 25,664 DH, with the highest spending in Dakhla‑Oued Eddahab (34,515 DH) and Casablanca‑Settat (31,173 DH), highlighting stark geographic disparities. Overall, the outlook combines solid macro‑growth with persistent consumer pessimism and uneven purchasing power across Morocco.