Savings Capacity: Households Less Pessimistic in Q1- HCP

14 avril 2021 Printable Version

Casablanca - Moroccan households are showing less pessimism, in the first quarter of 2021, concerning their savings capacity for the next twelve months, according to the High Commission for Planning (HCP).

"In the first quarter of 2021, 19.6% of households are expected to save over the next 12 months,'' HCP said in a briefing note on the results of its recent household survey.

Opinions related to this indicator remained negative (-60.8 points) compared to the previous quarter (-65.8 points), the same source added.

HCP's note showed that 74.9% of households declared, in Q1-2021, that food prices have risen over the past 12 months compared to 0.8% of households who think the opposite.

Over the next 12 months, 64.0% of households are saying that food prices will continue rising compared to 3.9% of households who predict food prices to fall, the HCP noted.