Belgium’s consumer confidence advanced to a six-month high in October after deteriorating for the past two months, survey data from the National Bank of Belgium showed Friday.
The consumer confidence index rose to 1 in October, after a flat reading in September. In August, the reading was -3.
The latest reading was the highest since April, when the score was 2.
The improvement in consumer confidence reflected the firming up of household savings situation over the next twelve months.
Consumer expectations regarding the national economy deteriorated further, while the view on the unemployment situation improved.
Overall, consumers’ opinions were more mixed, the bank said.
The optimistic outlook regarding the expected trend in unemployment in Belgium has not been reflected in the outlook for the general economic situation, the bank added.