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.

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Belgium Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-17.00 -16.00 16.00 -28.00 1985 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-20 09:00 AM Jul -20 -19 -12
2020-08-21 09:00 AM Aug -26 -20 -18
2020-09-21 09:00 AM Sep -16 -26 -24
2020-10-21 09:00 AM Oct -17 -16 -20
2020-11-20 10:00 AM Nov -17 -21
2020-12-17 10:00 AM Dec -23


News Stream
Belgium Consumer Morale Drops Back Marginally in October
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.
2020-10-21
Belgium Consumer Morale Recovers Sharply
The consumer confidence indicator in Belgium increased to -16 in September of 2020 from -26 in the previous month, the highest since March. Consumers appeared much more optimistic about the general economic trend in Belgium over the next twelve months (-20 vs -38 in August). At the same time, and for the first time since the health crisis began, they gave a less unfavorable opinion on the outlook for unemployment (62 vs 77), something that had deteriorated very sharply over the last few months. Prospects on the personal front are also deemed to be more positive, with an improvement in their financial situation (2 vs -1) as well as their savings intentions (17 vs 12).
2020-09-21
Belgium Consumer Morale Worsens in August
The consumer confidence indicator in Belgium fell to -26 in August of 2020 from -20 in the previous month. It was the lowest reading since April, linked to the ongoing political crisis and as the coronavirus-induced restrictive measures were tightened due to the resurgence of Covid-19 cases at the end of July. Consumers grew more pessimistic about expected economic developments in the country (-38 vs -22 in July); financial situation (-1 vs 1) and unemployment (77 vs 70). Meanwhile, the savings propensity did not change (at 12).
2020-08-21
Belgium Consumer Morale Deteriorates in July
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.
2020-07-20

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.