Belgium Consumer Confidence May 2022

Belgium

Belgium: Consumer confidence rises in May

May 20, 2022

Consumer confidence came in at minus 13.0 in May, up from April's minus 14.0.

The headline print largely reflected improved sentiment regarding consumers’ financial situation in the next 12 months, their assessments of the general economic situation in the next 12 months as well as reduced concerns about an unemployment increase. That said, consumers grew more pessimistic about their savings intentions.

FocusEconomics analysts project household spending to grow 3.9% in 2022, which is down 0.6 percentage points from last month’s forecast. In 2023, they see it expanding 2.1%.


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