Bloomberg News

Belgian August Consumer Confidence Drops to Six-Month Low

August 21, 2012

Belgian consumer confidence fell to the lowest in six months in August amid increasing concern in the country about the economic outlook and rising unemployment.

The consumer sentiment index for Belgium, the euro area’s sixth-largest economy, dropped to minus 16 in August from minus 13 in July, the Brussels-based National Bank of Belgium said today in an e-mailed statement. That’s the lowest since February.

“Consumers are particularly pessimistic about macroeconomic developments in Belgium,” the central bank said in the statement. “Especially the fear of rising unemployment weighs increasingly upon their morale, but also the general economic outlook has deteriorated to a larger extent.”

A sub-index measuring concerns about joblessness in Belgium climbed for a third month to 46 from 39. A sub-index gauging householders’ assessment of the economy fell to minus 11 from minus 7 in July, the lowest since February.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

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


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