Belgium Consumer Confidence Improves In October

Belgium’s consumer confidence rose for the first time in three months in October, survey data from the National Bank of Belgium showed on Monday. The consumer confidence index rose to -8 from -11 in September. In August, the score was -9.

The revival of confidence is mainly due to a less gloomy macroeconomic outlook, the bank said.

Households’ expectations regarding unemployment trends improved sharply, as a result of which the substantial deterioration seen last month has been more than wiped out, the bank added.

The material has been provided by InstaForex Company –