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    Consumer confidence maintains historic high

    © Belga
    © Belga

    The consumer confidence index in Belgium maintained in August the historic high it achieved the month before, the National Bank of Belgium, BNB, announced on Monday. The indicator remained at 2, as in July, way above its long-term average since 1990.In July, the BNB had spoken of a historically high level, “comparable to the one observed during the 2007 cyclical peak”, and the expectations of Belgian consumers for the general economic outlook and unemployment continued to improve in August.

    On the other hand, households were slightly more pessimistic in forecasting their personal situations. “They expected their financial situation, which recovered last month, to deteriorate again in the 12 coming months and they think they’ll save a bit less,” the BNB said in a communique.

    Christopher Vincent
    The Brussels Times