Domestic demand has continued its upward trend in the second quarter 2015, in the context of improving household income and an increase of 2 pc of consumer prices, according to the High Commission for Planning (HCP).
Domestic consumption has increased by 3.4 pc, after 3.1 per cent a quarter earlier, said the HCP which has just published its monthly report for July 2015, explaining that this increase was mainly supported by an expansion of 11.8 pc of consumer credit and a rise of 1.8 pc of transfers of Moroccans living abroad, in annual slippage.
The increase in household consumption would have benefited, particularly local products, imports of consumer goods falling by 3.4 pc.
In turn, business investment has recorded an increase of 1.2 pc in the second quarter of 2015, instead of 0.9 pc, a quarter earlier.
This would be mainly due to a slight recovery of investment in industrial products with a 1 pc increase of the flow of loans meant for equipment and stronger imports of capital goods.
w
For its part, investment in construction products remained sluggish, as evidenced by the decline in cement sales and the decrease by 2.7 per cent of loans to real estate, in the end of May 2015 in comparison with 3.2 pc late March.