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: Javier Colato, Economist