Do you think that, over the next twelve months, your household will be spending more on major purchases such as furniture, washing machines, televisions, computers, or other durables? According to this study, from January 2018 to January 2020, Belgian consumers assessed rather negatively the probability of spending more money on major purchases in the upcoming year.
Indeed, the assessment balance was -18 in January 2020. In other words, negative responses outnumbered positive responses by 18 percentage points. However, this balance represents a more positive forecast than what was thought in the previous months. Assessments on the matter were the most pessimistic in October and November 2019.
Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020
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 they 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. 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 unweighted 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 10 percentage points."
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National Bank of Belgium. (January 23, 2020). Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/
National Bank of Belgium. "Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020." Chart. January 23, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/
National Bank of Belgium. (2020). Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/
National Bank of Belgium. "Appraisal of Belgian Consumers on The Possibility of Their Household Spending More Money on Major Purchases in The Upcoming Year, from January 2018 to January 2020." Statista, Statista Inc., 23 Jan 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/
National Bank of Belgium, Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/ (last visited November 13, 2024)
Appraisal of Belgian consumers on the possibility of their household spending more money on major purchases in the upcoming year, from January 2018 to January 2020 [Graph], National Bank of Belgium, January 23, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/531742/consumer-forecasts-for-major-purchases-of-households-in-belgium/
