Financial News: Belgium Consumer Confidence At 1-Year High

Belgium Consumer Confidence At 1-Year High

02/20/2023 - 08:53:00 (RTTNews)

(RTTNews) - Belgium's consumer confidence rose for the fourth successive month in February, reaching the highest level in one year, as households were slightly less worried about the outlook for the general economic situation of the country and expressed clearly more optimism about the trend in unemployment, survey data from the National Bank of Belgium showed on Monday.

The consumer confidence indicator rose to -8 in February from -12 in the previous month.

Further, this was the highest reading since February 2022, when it was +1.

The upturn observed in February is reflected in all components of the indicator, with the exception of saving intentions, which fell slightly, the survey said.

Consumers' opinion on the general economic situation of the country in the next twelve months improved in February, with the corresponding index rising to -13 from -18 in January.

Similarly, the index measuring households' financial situation over the next year rose somewhat to -3 from -6.

At the same time, the index for saving expectations for households decreased from 3 to 1 in February.

In February, households expected a marked decline in unemployment over the next twelve months, as the corresponding index fell to 16 from 27.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Trade Gap Narrows In January (31 min(s), 26 sec(s) ago)
(RTTNews) - Euro area trade deficit narrowed at the start of the year as the pace of fall in impor ...Full Story»

Poland Industrial Output Contracts; Producer Price Inflation At 1-Year Low (01 hr(s), 05 min(s), 26 sec(s) ago)
(RTTNews) - Poland's industrial production declined for the first time in thirty-three months ...Full Story»

Taiwan Export Orders Continue To Fall In February (02 hr(s), 29 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's export orders continued to decline in February, data released by the Mini ...Full Story»

Germany Producer Price Inflation Eases To 15.8%, Lowest Since Sep 2021 (04 hr(s), 26 min(s), 26 sec(s) ago)
(RTTNews) - Germany's producer price inflation eased for the fifth straight month in February ...Full Story»

Malaysia Trade Surplus Shrinks To MYR 19.56 Bln (05 hr(s), 53 min(s), 26 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased slightly in February, as imports grew faster th ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (06 hr(s), 33 min(s), 26 sec(s) ago)
(RTTNews) - Foreign trade from the euro area and producer prices from Germany are the top economic ...Full Story»

China Retains Benchmark Lending Rates As Expected (06 hr(s), 52 min(s), 26 sec(s) ago)
(RTTNews) - China retained its benchmark lending rates for the seventh straight month on Monday af ...Full Story»

China Loan Prime Rate Due On Monday (21 min(s), 34 sec(s) ago)
(RTTNews) - The People's Bank of China will announce its latest loan prime rate numbers, highl ...Full Story»