From January 2018 to October 2023, Belgian consumers appraised rather positively the actual financial situation of households. In October of 2023, the appraisal balance of Belgian consumers was 22. In other words, the positive appraisals outweighed the negative appraisals by 22 percentage points. This balance represented a slight increase in comparison to the preceding months. Since January 2018, the balance of appraisals ranged from 14 to 33 percentage points.
Appraisal of Belgian consumers on the actual financial situation of households, 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."
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National Bank of Belgium. (October 23, 2023). Appraisal of Belgian consumers on the actual financial situation of households, from January 2018 to October 2023 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/
National Bank of Belgium. "Appraisal of Belgian consumers on the actual financial situation of households, from January 2018 to October 2023." Chart. October 23, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/
National Bank of Belgium. (2023). Appraisal of Belgian consumers on the actual financial situation of households, from January 2018 to October 2023. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/
National Bank of Belgium. "Appraisal of Belgian Consumers on The Actual Financial Situation of Households, from January 2018 to October 2023." Statista, Statista Inc., 23 Oct 2023, https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/
National Bank of Belgium, Appraisal of Belgian consumers on the actual financial situation of households, from January 2018 to October 2023 Statista, https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/ (last visited December 21, 2024)
Appraisal of Belgian consumers on the actual financial situation of households, from January 2018 to October 2023 [Graph], National Bank of Belgium, October 23, 2023. [Online]. Available: https://www.statista.com/statistics/531719/appraisal-of-actual-financial-situation-of-households-in-belgium/
