Belgium’s consumer confidence dropped to -9 in August of 2019 from -6 in the previous month, the lowest since October of 2016. Expectations deteriorated regarding the country’s economic situation (-20 vs -15 in July); household’s financial situation (-2 vs -1) and unemployment (13 vs 8). Meanwhile, savings prospects were unchanged (at -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 -4.00 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 -7.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -5.00 Percentage Points in 2020, according to our econometric models.