Tuesday, 20 November 2007

The Belgian consumer is losing his faith in the Belgian economy.

The belgian consumers faith has been fallen abruptly in november and is standing at the lowest level since december last year. The consumers especially lose their faith in the grow of the belgian economy in the next months.

The indicator of the consumers faith is now fallen till minus 8. It has been a long time that the consumers faith was so low, more exactly since december of last year. The consumers think that the perspectives of the economic situation in belgian is extremely weak,and they are very pessimisticabout their own save-capacity for the next months.

A thing that looks very optimistic according to the consumers is the perspective of the labour market. It raised against october, but decreased against the start of this year.

The national bank says that it is the first time that their is such a large decrease without a specific political or economical event, but i think that the difficult negotiations about the forming of the Belgian government is a influential factor to the indicator.

The national bank also says that possible factors are the raising prices for alimentation and petroleum-products and the reports of an international credit-crisis and the impact of it on the stock-exchange.

I think that when the political situation in Belgium is solved, the indicator will slowely raise again, but the high oil prices will keep the indicator low.

Source

1 comment:

Anonymous said...

I understand, however, how it comes, they have no more faith because Flanders and the Walloons are in a big fight that keeps on continuing!