In the latest update from Thomson Reuters IPSOS, Belgium's Primary Consumer Sentiment Index (PCSI) saw a notable decline in December 2024, falling to 45.53 from 48.87 in November 2024. This reflects a month-over-month downturn in consumer confidence, as reported on 12 December 2024.
The PCSI, which gauges consumer confidence through economic indicators such as personal financial situations, job security, and economic outlook, suggests that Belgian consumers are feeling less optimistic about their economic environment as the year draws to a close. This drop of over 3 points signifies a shift in sentiment, potentially driven by broader economic uncertainties or local factors affecting consumer outlook.
With this decrease, the index reflects a waning consumer confidence just as Belgium heads into the new year. Analysts and policymakers may closely monitor the underlying causes of this slump to address any persistent issues in economic wellbeing and restore consumer trust moving forward.
The material has been provided by InstaForex Company - www.instaforex.com
The PCSI, which gauges consumer confidence through economic indicators such as personal financial situations, job security, and economic outlook, suggests that Belgian consumers are feeling less optimistic about their economic environment as the year draws to a close. This drop of over 3 points signifies a shift in sentiment, potentially driven by broader economic uncertainties or local factors affecting consumer outlook.
With this decrease, the index reflects a waning consumer confidence just as Belgium heads into the new year. Analysts and policymakers may closely monitor the underlying causes of this slump to address any persistent issues in economic wellbeing and restore consumer trust moving forward.
The material has been provided by InstaForex Company - www.instaforex.com