Bloomberg News

Belgian Consumer Confidence Rises on Job Prospects as Oil Drops

May 22, 2012

Belgian consumer confidence rose in May to the highest in seven months as concerns over rising unemployment subsided and households anticipated their capacity to save will recover following a drop in oil prices.

The consumer sentiment index for Belgium, the sixth-largest economy in the 17-nation euro currency union, increased to minus 10 from minus 12 in April, the Brussels-based National Bank of Belgium said today in an e-mailed statement. That’s the highest level since October.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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