Belgian Consumer Sentiment Drops to 8-Month Low on Labor Market
Belgian consumer confidence fell to an eight-month low in October as concerns over joblessness reached the highest level in more than 2 1/2 years amid a bleaker economic outlook.
The consumer sentiment indicator for Belgium, the euro area’s sixth-largest economy, dropped to minus 17 from minus 14 a month earlier, the Brussels-based National Bank of Belgium said today in an e-mailed statement. That’s the lowest reading since minus 20 in February.
A gauge measuring concerns about rising unemployment increased to 50 from 40 the previous month, the highest since March 2010. The sub-index gauging households’ assessment of the Belgian economy in the coming year fell to minus 16 from minus 11, the biggest retreat since January.
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