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.


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Belgium Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -8.00 16.00 -28.00 1985 - 2020 Percentage Points Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 01:00 PM Oct -8 -11 -8
2019-11-21 02:00 PM Nov -6 -8 -7
2019-12-18 02:00 PM Dec -8 -6 -7
2020-01-21 02:00 PM Jan -6 -8 -8
2020-02-19 02:00 PM Feb -6 -6


News Stream
2019-12-18
Belgian Consumer Confidence Weakens in December
Belgium's consumer confidence indicator dropped 2 points from a month earlier to -8 in December 2019, as consumers have become more pessimistic about macroeconomic developments in Belgium (-17 vs -14 in November). In addition, households are expecting a rise in unemployment over the next 12 months (11 vs 7) and deterioration in their savings (-5 vs -1) while they expect the same for their financial situation (-2).

2019-11-21
Belgium Consumer Morale Improves in November
The consumer confidence indicator in Belgium rose to -6 in November 2019 from -8 in the previous month, as consumers were less pessimistic about expected economic developments in the country (-14 vs -16) while fears of a rise in unemployment receded significantly (7 vs 12). Households’ forecasts for their own financial situation remained unchanged (at -2), and their savings prospects were estimated to be considerably brighter (-1 vs -4).

2019-10-21
Belgium Consumer Confidence Edges Up
The consumer confidence indicator in Belgium rose to -8 in October 2019 from -11 in the previous month, as consumers were more optimistic regarding the country’s economic situation (-16 from -22 in September) and less concerned about unemployment (12 from 18). Also, households are expecting their financial situation to improve (-2 from -4), though their savings intentions decreased (-4 from -1).

2019-09-20
Belgium Consumer Morale Drops to 3-Year Low
The consumer confidence indicator in Belgium dropped for the second month in a row to -11 in September 2019, the lowest level since October 2016, as forecasts regarding the economic situation deteriorated (-22 vs -20) and fears of a future rise in unemployment increased (18 vs 13). As for their own personal situation, households are also expecting their financial situation to get even worse (-4 vs -2), while their savings intentions remained unchanged (at -1).

2019-08-21
Belgium Consumer Morale Falls to Near 3-Year Low
Belgium’s consumer confidence dropped to -9 in August of 2019 from -6 in the previous month, the lowest since October of 2016. Expectations deteriorated regarding the country’s economic situation (-20 vs -15 in July); household’s financial situation (-2 vs -1) and unemployment (13 vs 8). Meanwhile, savings prospects were unchanged (at -1).

2019-07-19
Belgium Consumer Morale Improves in July
Belgium’s consumer confidence went up to -6 in July of 2019 from -7 in the previous month. Expectations improved regarding the country’s economic situation (-15 from -16 in June) and savings (-1 from -2). Meantime, prospects were unchanged for household’s financial situation (at -1) and unemployment (at 8).


Belgium Consumer Confidence
In Belgium, the consumer confidence indicator supplies concise information on consumers’ confidence regarding the progress of the economy. The index is based on a monthly telephone survey of more than 1,000 consumers on their outlook for the country's job and economic prospects as well as their own financial situation and ability to save money. The index is the balance of positive and negative replies, with a figure of zero meaning Belgians are evenly split on whether things will improve or worsen for consumers in the next year.

Belgium Consumer Last Previous Highest Lowest Unit
Consumer Confidence -6.00 -8.00 16.00 -28.00 Percentage Points [+]
Retail Sales MoM 2.70 0.60 5.30 -6.40 percent [+]
Retail Sales YoY 2.30 0.40 13.70 -6.10 percent [+]
Consumer Spending 57162.00 56806.00 57162.00 22538.00 EUR Million [+]
Disposable Personal Income 92997.70 94549.00 94549.00 49870.50 EUR Million [+]
Personal Savings 13.40 12.80 20.10 11.20 percent [+]
Households Debt To GDP 61.90 61.30 61.90 28.40 percent of GDP [+]
Households Debt To Income 102.68 104.61 104.61 58.32 percent [+]
Bank Lending Rate 1.56 1.57 3.02 1.56 percent [+]
Consumer Credit 7605872.00 7631783.00 8690566.00 5062843.00 EUR Thousand [+]
Gasoline Prices 1.64 1.61 2.26 0.96 USD/Liter [+]
Consumer Confidence Current Conditions -4.00 -6.00 18.00 -72.00 [+]
Consumer Confidence Economic Expectations 4.00 4.00 19.00 -44.00 [+]
Consumer Confidence Financial Expectations 1.00 -1.00 12.00 -17.00 [+]
Consumer Confidence Major Purchases Expectations -9.00 -15.00 -6.00 -30.00 [+]
Consumer Confidence Price Trends 19.00 24.00 47.00 -14.00 [+]
Consumer Confidence Savings Expectations 5.00 -2.00 31.00 -33.00 [+]
Consumer Confidence Unemployment Expectations 3.00 8.00 73.00 -18.00 [+]