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Financial News: Belgium Consumer Consumer Confidence Falls

Belgium Consumer Consumer Confidence Falls

12/18/2019 - 09:22:00 (RTTNews)

(RTTNews) - Belgium's consumer confidence weakened in December after improving in the previous two months, survey data from the National Bank of Belgium showed on Wednesday. The consumer confidence index dropped to -8 from -6 in November. In October, the reading was -8.

The improvement in confidence among consumers observed in all components of the indicator last month has been wiped out completely by a reverse movement on a very similar scale this month, the bank said.

Households' expectations on the Belgian economy deteriorated again and their view regarding the general economic situation were revised down.

Further, fears of a resurgence in unemployment over the next twelve months increased again and households are expecting to save less this month. However, the outlook regarding their financial situation remained unchanged since October.

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