The consumer confidence indicator in Belgium decreased to -20 in July of 2020 from -19 in the previous month. It is principally in the area of expectations about the general economic situation in Belgium that consumers appear to be more pessimistic than in the previous month. Consumers are still extremely worried about the labour market outlook. On a personal front, households are not expecting any change in their financial situation. Their expectations in this area are not much different from those reported before the health crisis. On the other hand, their savings intentions remain relatively high, even though they have been revised downwards somewhat compared to June.
Consumer Confidence in Belgium averaged -7.27 points from 1985 until 2020, 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 August of 2020.
Consumer Confidence in Belgium is expected to be -17.00 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 -10.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -8.00 points in 2021 and -5.00 points in 2022, according to our econometric models.