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    Consumer confidence bounces back in October


    The Belgian consumer confidence indicator rose in October, but not enough to reverse September’s remarkable downturn, says BNB (National Bank of Belgium) on Tuesday. The indicator is now at -8, against -10 in September and -6 in July and August.

    “This new consumer confidence is exclusively down to less pessimistic macro-economic forecasts. For example, last month people were becoming very anxious about unemployment, and they are far less worried now. At the same time, and for the first time in 4 months, consumers are feeling more optimistic about the general economic outlook,” explains BNB in a press release.

    However, households’ own financial outlook and savings goals remained unchanged compared to September.

    Christopher Vincent (Source: Belga)