Belgium: Consumer confidence recovers somewhat in September

The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from -3.0 points in August to 0.0 points in September. The increase was mainly driven by consumers’ reduced pessimism over the general economic situation in 12 months’ time as well as their improved outlook of the labor market in the year ahead. Households’ views over their financial situation and savings capacity remained unchanged from the previous month.

Belgium Private Consumption Forecast

FocusEconomics panelists expect private consumption to expand 1.5% in 2018. For 2019, they project growth in private consumption of 1.8%, which is unchanged from last month’s estimate.