FX.co ★ Belgium Consumer Sentiment Unchanged in July

Belgium's consumer confidence indicator remained stable at -4 in July 2025, consistent with the previous month and surpassing its long-term average. This figure aligned with the highest level observed since February, as consumers conveyed improved perspectives regarding their future financial circumstances (-2 compared to -3 in June). Nevertheless, apprehensions persisted concerning broader macroeconomic conditions. Sentiment about the general economic outlook took a slightly more negative turn (-26 versus -24), while expectations for unemployment saw a modest increase (7 compared to 6), indicating heightened anxiety over future job opportunities. Similar to June, households’ plans to save showed no change, holding steady at 19. Collectively, the July data suggests a stabilization in consumer sentiment following significant improvements earlier in the year. However, escalating economic uncertainties and concerns within the labor market are starting to pose challenges to consumer confidence.