The consumer confidence indicator in Belgium edged down to -17 in October of 2020 from -16 in the previous month, as the deterioration of the Covid-19 pandemic weighed on sentiment. After having risen sharply in September, households’ savings intentions have been scaled back (10 vs 17 in September) while their outlook on the financial situation has remained virtually unchanged (59 vs 62). The fear of a rise in unemployment has subsided, although remaining at a very high level (59 vs 62). Consumers have not adjusted their assessment of the change in the general economic situation expected in Belgium over the coming twelve months.
Consumer Confidence in Belgium averaged -7.36 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 October of 2020.
Consumer Confidence in Belgium is expected to be -23.00 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 -9.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -10.00 points in 2021 and -5.00 points in 2022, according to our econometric models.