Belgium's consumer confidence improved for the seventh successive month in October, and reached its highest level in twenty-seven months, as households turned more optimistic about their personal finances, survey data released by the National Bank of Belgium showed Friday.
The consumer confidence index moved up to -6 in October from -7 in September. The index recorded growth every month since March, and the latest score is the highest since July 2011.
Driving the improvement in the overall mood, households' confidence with regard to their future financial position increased further in October. At the same time, concerns about a rise in unemployment waned somewhat, improving from last month's slightly more gloomy estimate.
Nevertheless, consumers' expectations regarding their saving capacity remained unchanged from the previous month.
Meanwhile, the ongoing optimism among households about the general economic prospects fell back a little in October, the survey showed.
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