Belgium’s consumer confidence fell to -5 in December of 2018 from -1 in the previous month. It was the worst reading since December of 2016. Consumers were more pessimistic regarding the country’s economic situation (-12 from -4 in November); savings prospects (-3 from 1) and unemployment (1 from -1). Meanwhile, financial situation of households was unchanged at -2. Consumer Confidence in Belgium averaged -7.14 Percentage Points from 1985 until 2018, 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 2.00 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 -1.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -3.00 Percentage Points in 2020, according to our econometric models.