August 26, 2022
This modest recovery reverses the slight drop in consumer confidence recorded in July, while the confidence indicator still remains below its long-term average.
The improved confidence stems from better expectations about the economic situation in general and increased savings intentions. Conversely, households appear less optimistic about future labour market developments.
The components of the indicator moved in different directions this month. Consumers were more confident about the general economic developments in Belgium over the next twelve months, while showing greater concern about unemployment prospects. As far as their personal situation is concerned, households’ expectations regarding their financial situation are slightly more negative, while their savings intentions for the coming months have increased significantly
Source: National Bank of Belgium
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