Belgium: Consumer confidence improves in December
Consumer confidence jumped to minus 15.0 in December from November’s minus 22.0. Decembers print marked the largest improvement this year, and brought consumer confidence close to its average Q2 2022 values.
Looking at the details of the release, all subcomponents of the consumer confidence index improved. Consumers expectations for the next 12 months improved regarding the economy, their finances, saving intentions, and the labor market.
Nevertheless, consumer confidence still remained lower than its long-term 30-year average.
FocusEconomics analysts project household spending to stagnate at 0.0% in 2023, which is unchanged from last months forecast. In 2024, they see it expanding 1.9%.