2020-02-19
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Monthly consumer survey - February 2020
Consumer confidence firms up again in February
- The consumer confidence indicator has risen in February, for the second month in a row.
- This new boost of confidence is reflected in all components of the indicator, except in the forecasts for the economic situation in Belgium.
Just like the previous month, consumers appeared more optimistic about future developments on the labour market. However, the improvement in the outlook for the economic situation in Belgium observed in January has been completely cancelled out this month.
Personal prospects for households are a lot more positive. So, having remained stable over the last few months, they are now expecting their financial situation to improve again in the coming twelve months and are planning to save more.
Consumer confidence indicators 1
Expectations for the next twelve months | Consumer | |||||
Economic situation | Unemployment in | Financial situation | Savings of | confidence | ||
indicator | ||||||
in Belgium | Belgium 2 | of households | households | |||
2019 | February | -12 | 6 | -3 | -8 | -7 |
March | -11 | 9 | -1 | -4 | -6 | |
April | -13 | 12 | -1 | -1 | -7 | |
May | -9 | 7 | -2 | -4 | -5 | |
June | -16 | 8 | -1 | -2 | -7 | |
July | -15 | 8 | -1 | -1 | -6 | |
August | -20 | 13 | -2 | -1 | -9 | |
September | -22 | 18 | -4 | -1 | -11 | |
October | -16 | 12 | -2 | -4 | -8 | |
November | -14 | 7 | -2 | -1 | -6 | |
December | -17 | 11 | -2 | -5 | -8 | |
2020 | January | -15 | 8 | -2 | 2 | -6 |
February | -17 | 6 | 3 | 6 | -4 |
- As of February 2020, the survey sample has been adapted to better reflect the socio-demographic characteristics of the population. In line with the European Commission's recommendations, this change is being introduced only gradually, so as not to interfere too much with the information content of the indicator.
- Regarding unemployment expectations, a rise indicates a deterioration while a decline indicates an improvement. Source: National Bank of Belgium.
Communication | boulevard de Berlaimont 14 | phone + 32 2 221 46 28 | Company's number: 0203.201.340 |
National Bank of Belgium Ltd. | BE-1000 BRUSSELS | www.nbb.be | RLP Brussels |
FEBRUARY 2020
CONSUMER CONFIDENCE INDICATOR
15 | ||||||||
long-term | ||||||||
5 | average | |||||||
since 1990 | ||||||||
-5 | ||||||||
-15 | ||||||||
-25 | ||||||||
-35 | ||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Expectations for the next twelve months
General economic situation in Belgium | Unemployment in Belgium¹ |
40 | |||||
20 | |||||
0 | |||||
-20 | |||||
-40 | |||||
-60 | |||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
80 | |||||
60 | |||||
40 | |||||
20 | |||||
0 | |||||
-20 | |||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Financial situation of households
20 | |||||
10 | |||||
0 | |||||
-10 | |||||
-20 | |||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Savings of households
20 | |||||
10 | |||||
0 | |||||
-10 | |||||
-20 | |||||
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
¹ Regarding unemployment expectations, a rise indicates a deterioration while a decline indicates an improvement.
Communication | boulevard de Berlaimont 14 | phone + 32 2 221 46 28 | Company's number: |
National Bank of Belgium Ltd. | BE-1000 BRUSSELS | www.nbb.be | 0203.201.340 - RLP Brussels |
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National Bank of Belgium published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 16:29:15 UTC