Belgium Economic Sentiment October 2018


Belgium: Consumer confidence improves marginally in October

October 19, 2018

The consumer confidence indicator produced by the National Bank of Belgium (NBB) inched up from 0.0 points in September to 1.0 points in October. The uptick was driven by consumers’ improved outlook over the labor market in the year ahead as well as over their financial situation and savings capacity in 12 months’ time. Meanwhile, households’ views over the general economic situation in the next 12 months deteriorated slightly from September.

Belgium Private Consumption Forecast

FocusEconomics panelists expect private consumption to expand 1.6% in 2019, down 0.2 percentage points from last month’s forecast, and 1.6% again in 2020.

Author:, Economist

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Belgium Economic Sentiment Chart

Belgium Consumer Confidence October 2018

Note: Business and Consumer Confidence Indicators.
Source: National Bank of Belgium (NBB).

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