Consumer confidence in Belgium has fallen to its lowest level since the start of this year, as rising unemployment and high inflation have left citizens increasingly pessimistic about the country’s economic prospects.
In a press release published on Monday, the National Bank of Belgium (NBB) noted that this downward trend “offset the favourable development observed last month”.
“On a personal level, households expect to save less in the coming months,” the NBB noted. “They are also slightly less optimistic about their financial situation for the next twelve months.”
