The consumer confidence indicator in Belgium declined for the third month to -4 in December of 2021 from 1 in the previous month, the lowest since April. Although still above the long-term average, it has fallen to a level comparable to the prepandemic situation. Consumers have once again voiced more pessimistic forecasts for the general economic situation, so they have fallen back to a level not seen for a year. In addition, fears of a rise in unemployment over the next twelve months have clearly risen. On a personal front, households are expecting to be able to save less, while anticipating an improvement in their financial situation. source: National Bank of Belgium

Consumer Confidence in Belgium averaged -7.17 points from 1985 until 2021, reaching an all time high of 16 points in August of 2000 and a record low of -28 points in January of 1985. This page provides - Belgium Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Consumer Confidence in Belgium is expected to be -4.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Consumer Confidence is projected to trend around -2.00 points in 2022 and -4.00 points in 2023, according to our econometric models.

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Belgium Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-11-22 10:00 AM Nov 1 4 4
2021-12-20 10:00 AM Dec -4 1 3
2022-01-21 10:00 AM Jan -4 -6


Related Last Previous Unit Reference
Consumer Confidence -4.00 1.00 points Dec/21
Consumer Spending 58155.00 54276.00 EUR Million Sep/21
Disposable Personal Income 104194.30 98316.40 EUR Million Sep/21
Personal Savings 21.00 23.50 percent Mar/21

News Stream
Belgium Consumer Morale Falls for 3rd Month
The consumer confidence indicator in Belgium declined for the third month to -4 in December of 2021 from 1 in the previous month, the lowest since April. Although still above the long-term average, it has fallen to a level comparable to the prepandemic situation. Consumers have once again voiced more pessimistic forecasts for the general economic situation, so they have fallen back to a level not seen for a year. In addition, fears of a rise in unemployment over the next twelve months have clearly risen. On a personal front, households are expecting to be able to save less, while anticipating an improvement in their financial situation.
2021-12-20
Belgium Consumer Confidence at 7-Month Low
The consumer confidence indicator in Belgium declined to 1 in November of 2021 from 4 in the previous month. It was the lowest reading since April, as household’s expectations deteriorated for the economic situation in Belgium (-7 vs 0 in October), and household savings (15 vs 16). At the same time, expectations improved for unemployment (0 vs -3), while no change took place for households' financial situation (at -3).
2021-11-22
Belgium Consumer Confidence Drops in October
The consumer confidence indicator in Belgium declined to 4 in October of 2021 from 8 in the previous month which was a 20-year high reading. Belgian households’ expectations deteriorated about the economic situation (0 vs 10), financial situation (-3 vs 2), and savings (16 vs 21). However, households still have reason to be optimistic about unemployment (-3 vs 2).
2021-10-21

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.