Categories: Breaking

Consumer confidence is melting away

The level of consumer confidence in september fell again to its lowest level in nearly three years. This is evident from the monthly consumentenenquete of the National Bank of belgium.

as The indicator for the consumer confidence measure fell to -9 in augsutus to the -11 at the end of september. It is October, 2016, and before that the Belgian consumers have so little confidence.

The families are afraid that the rate of unemployment in Belgium over the next 12 months, too. There is also a growing pessimism about the economic situation in the country. The families are expected, furthermore, that their financial condition next year will be worse. Their spaarintenties have remained the same.

John Torrendo

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