BANQUE NATIONALE DE BELGIQUE 2024-03-20
Links: | NBB.Stat | General information |
Monthly consumer survey - March 2024
Consumer confidence holds steady in March
- This stability follows consecutive drops over the last two months.
- Growing savings intentions offset renewed fears of a rise in unemployment.
Households were more pessimistic in March about the outlook for the labour market over the next twelve months, while there was little change in their expectations for the general economic situation in Belgium.
On a personal level, while their expectations for their own future financial situation remained virtually unchanged, households have raised their savings intentions, which had dipped last month.
Consumer confidence indicators
Expectations for the next twelve months | Consumer | |||||||||
Economic situation | Unemployment in | Financial situation | Savings of | confidence | ||||||
in Belgium | Belgium1 | of households | households | indicator | ||||||
2023 | March | -16 | 19 | -4 | 4 | -9 | ||||
April | -15 | 14 | -2 | 6 | -6 | |||||
May | -20 | 18 | -3 | 2 | -9 | |||||
June | -15 | 17 | -5 | 1 | -9 | |||||
July | -13 | 15 | 0 | 5 | -6 | |||||
August | -17 | 20 | 0 | 11 | -7 | |||||
September | -13 | 12 | -1 | 7 | -5 | |||||
October | -17 | 15 | -1 | 13 | -5 | |||||
November | -12 | 14 | 0 | 10 | -4 | |||||
December | -9 | 14 | 1 | 20 | 0 | |||||
2024 | January | -14 | 14 | -1 | 21 | -2 | ||||
February | -19 | 10 | -3 | 13 | -5 | |||||
March | -20 | 17 | -2 | 17 | -5 |
1 Regarding unemployment expectations, a rise indicates a deterioration while a decline indicates an improvement. Source: National Bank of Belgium.
Communication | 14 Boulevard de Berlaimont | tel. + 32 2 221 46 28 | Company number |
National Bank of Belgium SA | 1000 Brussels | www.nbb.be | 0203.201.340 Brussels RLE |
MARCH 2024
CONSUMER CONFIDENCE INDICATOR
15 | ||||||||
long-term | ||||||||
5 | average | |||||||
1990 - 2023 | ||||||||
-5 | ||||||||
-15 | ||||||||
-25 | ||||||||
-35 | ||||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Expectations for the next twelve months
General economic situation in Belgium | Unemployment in Belgium¹ |
40 | |||||
20 | |||||
0 | |||||
-20 | |||||
-40 | |||||
-60 | |||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
80 | |||||
60 | |||||
40 | |||||
20 | |||||
0 | |||||
-20 | |||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Financial situation of households
20 | |||||
10 | |||||
0 | |||||
-10 | |||||
-20 | |||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Savings of households
30 | |||||
20 | |||||
10 | |||||
0 | |||||
-10 | |||||
-20 | |||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
¹ Regarding unemployment expectations, a rise indicates a deterioration while a decline indicates an improvement.
Communication | 14 Boulevard de Berlaimont | Tel. + 32 2 221 46 28 | Company number |
National Bank of Belgium SA | 1000 Brussels | www.nbb.be | 0203.201.340 Brussels RLE |
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Disclaimer
National Bank of Belgium published this content on 20 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 10:11:36 UTC.
