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Belgium Consumer Confidence Weakens For Fourth Month

Belgium's consumer confidence weakened for a fourth consecutive month in February, driven by a sharp deterioration in households' savings expectations, survey data from the National Bank of Belgium showed on Wednesday.

The consumer confidence index dropped to -7 from -6 in January. The measure has been falling since November.

The measure reflecting households' expectations on savings in the next 12 months tumbled to -8 from -3.

Households' view regarding the unemployment situation in the coming year also worsened and the index rose to 6 from 5.

Consumers were slightly less pessimistic regarding the future economic situation in the country with the relevant index rising to -12 from -13.

The index showing the expectations on their future financial situation was unchanged at -3.

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