BANQUE NATIONALE DE BELGIQUE 2024-05-23
Links: | Infographics | NBB.Stat | General information |
Monthly consumer survey - May 2024
Consumer confidence continues to weaken slightly in May
- The consumer confidence indicator fell marginally for the second month in a row in May, to just below its long-term average.
- A more sombre outlook for the general economic situation in Belgium lies behind the drop in confidence.
The improved expectations for the general economic situation recorded in April were completely scaled back by consumers this month. In contrast, they expressed slightly less negative expectations for unemployment, which had been deteriorating significantly since March.
On a personal level, household expectations held fairly stable. Their expectations for their financial situation are somewhat more optimistic, while their saving intentions have mildly weakened.
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 | 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 | ||||||
April | -18 | 24 | -1 | 18 | -6 | ||||||
May | -20 | 23 | 0 | 17 | -7 |
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 |
MAY 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 23 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2024 09:10:01 UTC.
