Belgium: Consumer confidence rebounds in December
December 18, 2014
The consumer confidence index elaborated by the National Bank of Belgium (NBB) increased from minus 14.0 points in November to minus 12.0 points in December. According to the NBB, this is the first time in six months in which consumers were more optimistic regarding the expected economic developments in Belgium. Moreover, the Bank pointed out that consumers were, “less gloomy in December about both their future financial means and saving capacity.” Expectations about unemployment also improved, although only slightly.FocusEconomics panelists expect private consumption to grow 1.2% in 2015, which is unchanged from last month’s estimate. For 2016, the panel expects private consumption to grow 1.2%.