Domestic Demand Grows 4.2% in 2016 3Q, HCP

 Domestic demand grew in Morocco by 4.2% in the third quarter of the year 2016, against 0.1% year on year, according to the high planning Commission (HCP).

Domestic demand contributed by 4.5 points to economic growth in the third quarter of 2016, instead of 0.1 point in the same period a year earlier, said the HCP in its information note on the economic situation in the third quarter of 2016.

 
 In this context, households’ final consumption expenditure increased by 2.9% instead of 2.5% in the same period of the previous year, contributing by 1.7 points in the growth instead of 1,5 point.

 Final consumption by public administrations posted a slowdown in its growth rate from 1.5% to 1.1% in the third quarter of 2016, with a contribution to growth of 0.2 points, instead of 0,3 points year on year.

Source:Morocco World News