From January 2018 to October 2023, the forecast of the financial situation of Belgian households fluctuated significantly. However, from October 2021 to May 2022, consumers had somewhat negative views on the future situation of households. In other words, regarding the development of the financial situation of households, negative answers of Belgian consumers mostly outweighed positive answers.
In October 2023, the consumer forecast was -1 percentage points, a rather low score in comparison to mid-2021. This forecast is used to calculate the Belgian consumer confidence indicator, which was negative in October 2023.
Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023
Every month a completely different representative sample of 1,850 people is questioned about the macroeconomic situation in Belgium and their own financial position and consumer behavior. The sample is representative for the geographic, social and demographic differences in Belgium and they are asked to answer a qualitative questionnaire with their own assessment or expectation. The questionnaire is built around different topics; the Belgian economic situation, personal financial situation and personal attitude towards savings and consumer behavior. Macroeconomic questions on unemployment and the Belgian economy, and personal questions about the financial position of the household and the savings of the household are used to calculate the consumer confidence indicator. The source explains: "For each question, calculations are performed to find the percentage of all participating consumers reporting an improvement (positive responses), the percentage reporting a deterioration (negative responses) and the percentage stating that there has been no change. In calculating these three percentages, responses are unweighted and the difference between the 'positive' and 'negative' percentages constitutes the balance (the response) for the question. For example, if the number of positive responses equals the number of negative responses the balance for the question is zero; conversely, a balance of +10 means that positive responses outnumbered negative responses by 10 percentage points."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
National Bank of Belgium. (October 23, 2023). Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/
National Bank of Belgium. "Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023." Chart. October 23, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/
National Bank of Belgium. (2023). Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/
National Bank of Belgium. "Consumer Forecasts of The Financial Situation of Households in Belgium for The next 12 Months, from January 2018 to October 2023." Statista, Statista Inc., 23 Oct 2023, https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/
National Bank of Belgium, Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023 Statista, https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/ (last visited November 04, 2024)
Consumer forecasts of the financial situation of households in Belgium for the next 12 months, from January 2018 to October 2023 [Graph], National Bank of Belgium, October 23, 2023. [Online]. Available: https://www.statista.com/statistics/531503/consumer-forecasts-financial-situation-of-households-in-belgium/
