Economic confidence in Belgium continues its downward trend, as the Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for the month of September 2024 registered at 47.75, down from 49.42 in August 2024. The data, updated on 12 September 2024, points to a growing pessimism among Belgian consumers about their economic prospects.
The month-over-month comparison signifies a noticeable decline in consumer confidence, as the previous month also showed a dip in the index from the preceding period. The reduction from August to September highlights underlying concerns that consumers in Belgium have regarding economic stability, employment conditions, and potential inflationary pressures.
As Belgium navigates through this period of economic uncertainty, policymakers and business leaders will need to closely monitor consumer sentiment and implement strategies to bolster confidence and stimulate economic growth. The continued drop in the PCSI underscores the pressing need for proactive economic measures to mitigate the financial concerns of the citizens.
