Belgium’s consumer confidence increased to -6 in March of 2019 from -7 in the previous month. Consumers were less pessimistic regarding the country’s economic situation (-11 from -12 in February); savings capacity (-4 from -8) and financial situation of households (-1 from -3). On the other hand, worries about unemployment increased (9 from 6). Consumer Confidence in Belgium averaged -7.14 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 -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 -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.