Belgium Consumer Confidence August 2022

Belgium

Belgium: Consumer confidence increases in August

August 22, 2022

Consumer confidence rose to minus 11.0 in August from July's minus 13.0. The rise came on the back of an improvement in consumers' views of the general economic situation in the next 12 months, as well as their saving intentions. On the other hand, consumers' sentiment regarding their financial situations deteriorated marginally, while their sentiment regarding the labor market worsened. Overall, the confidence indicator remains below its thirty-year average.

FocusEconomics analysts project household spending to grow 3.2% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, they see it expanding 1.0%.


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