Consumer prices trend consumer sentiment in Belgium 2018-2023

Consumer sentiment trend in consumer prices in Belgium from January 2018 to October 2023

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Release date

October 2023

Region

Belgium

Survey time period

January 2018 to October 2023

Number of respondents

1,850 respondents

Method of interview

Telephone interview

Supplementary notes

* Contrary to the other figures, the higher the balance for the trend in consumer prices, the more negative the development is valued by the sample of interviewees.

Every month a completely different representative sample of 1,850 people is questioned about the macroeconomic situation in Belgium and their own financial position and consumer behavior. The sample is representative for the geographic, social and demographic differences in Belgium and respondents are asked to answer a qualitative questionnaire with their own assessment or expectation. The questionnaire is built around different topics: the Belgian economic situation, personal financial situation and personal attitude towards savings and consumer behavior.

Two macroeconomic questions on unemployment and the Belgian economy, and personal questions about the financial position of the household and the savings of the household are used to calculate the consumer confidence indicator. The source explains: "For each question, calculations are performed to find the percentage of all participating consumers reporting an improvement (positive responses), the percentage reporting a deterioration (negative responses) and the percentage stating that there has been no change. In calculating these three percentages, responses are not weighted and the difference between the 'positive' and 'negative' percentages constitutes the balance (the response) for the question. For example, if the number of positive responses equals the number of negative responses the balance for the question is zero; conversely, a balance of +10 means that positive responses outnumbered negative responses by ten percentage points."

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