Belgium’s consumer confidence increased to -5 in May of 2019 from -7 in the previous month. Consumers were less pessimistic regarding the country’s economic situation (-9 from -13 in April) while worries about unemployment decreased (7 from 12). On the other hand, households were more concerned regarding their savings plans (-4 from -1) and financial situation (-2 from -1). Consumer Confidence in Belgium averaged -7.13 Percentage Points from 1985 until 2019, 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 -2.00 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 -2.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -3.00 Percentage Points in 2020, according to our econometric models.