Belgium Consumer Confidence June 2022


Belgium: Consumer confidence rises for the third month in a row in June but remains below pre-war levels

June 22, 2022

Consumer confidence came in at minus 11.0 in June, up from May's minus 13.0, and marking the third month in a row that consumers became more optimistic. That said, the confidence indicator remains below its long-term average, with only one third of the heavy March fall having been erased in the last three months.

The uptick came on the back of an improvement in consumers' views of the general economic situation in the next 12 months. However, consumers grew less upbeat about the labor market.

FocusEconomics analysts project household spending to grow 3.4% in 2022, which is down 0.5 percentage points from last month’s forecast. In 2023, they see it expanding 2.0%.


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