The consumer confidence indicator in Belgium rose to -6 in January 2020 from -8 in the previous month, as the general economic situation for the coming months is thus expected to be brighter (-15 vs -17), while concern about an increase in unemployment over the next twelve months eased (8 vs 11). Meanwhile, households were not expecting any change in their financial situation (at -2), but were planning to save a lot more in the next few months (2 vs -5). Consumer Confidence in Belgium averaged -7.14 Percentage Points from 1985 until 2020, reaching an all time high of 16 Percentage Points in August of 2000 and a record low of -28 Percentage Points in January of 1985.
Consumer Confidence in Belgium is expected to be -5.00 Percentage Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Belgium to stand at -7.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -5.00 Percentage Points in 2020, according to our econometric models.