(RTTNews) - Confidence among Belgian consumers declined in December after a slight improvement in the previous month, the National Bank of Belgium said Friday.The consumer confidence index fell to minus 2 in December from zero in November. Consumers seemed to be less confident about the general economic outlook in Belgium for the next twelve months, the bank said.
Despite a rather negative outlook of the global macroeconomic context, unemployment fears faded again during the month.
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Belgium Consumer Confidence Falls In December
(RTTNews) - Confidence among Belgian consumers declined in December after a slight improvement in the previous month, the National Bank of Belgium said Friday.
The consumer confidence index fell to minus 2 in December from zero in November. Consumers seemed to be less confident about the general economic outlook in Belgium for the next twelve months, the bank said.
Despite a rather negative outlook of the global macroeconomic context, unemployment fears faded again during the month.
Households expect their saving capacity to remain stable despite expectations for a deterioration in overall financial conditions.
The measure for households' saving capacity over the next twelve months was unchanged at 6 during the month, while individual financial situation indicator fell to 0 from 2 in November.
Further, the gauge for economic situation in Belgium for the next twelve months recorded a sharp fall to 3 in December from 8 in November.
Belgium's economic growth slowed to 0.4% on a quarterly basis from 1% in the second quarter. Earlier this week, S&P downgraded its outlook on Belgium to negative from stable, saying the country's political stalemate posed risks to the government's credit standing.
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