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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium Consumer Confidence climbed to -5.0% in July 2026
FMPMonthlyReleased July 2026
Belgium Consumer Confidence climbed to -5.0% in July 2026, up 2.0% from June's -7.0% reading. The print exceeded the -8.0% consensus by 3.0%. Consumer Confidence has now risen for 3 consecutive months. Over the past 3 months, Consumer Confidence averaged -8.5%, vs -4.67% in the prior 3-month window. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
-5
Actual
-8
Consensus
-7
Previous
Median Absolute Error
±1.63 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -6.75
Actual: -5
Error: -1.75
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.74 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.71 | CRYPTO | Moves against | → View |
| USD/JPY | ▲ Direct | +0.47 | FOREX | Moves with | → View |
| GBP/USD | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.28 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Belgium) was reported at -5% in July 2026. This beat the market consensus of -8% by 3%. The reading rose from the previous value of -7%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -2.9%, ranging from -10% to 2% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -7.33%, down from the prior three at -2%. Volatility over the past year (σ 3.7%) is higher than the prior year (σ 3.24%). In July readings over the past 3 years, Consumer Confidence has averaged -4.67%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.63%.
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Consumer Confidence - BE
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About Consumer Confidence — Belgium
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -5 %, consensus -8 %. Prior reading (Jun 2026): -7 %. Before that (May 2026): -10 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.74) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - BE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:30 | BE | Harmonised Inflation Rate YoY | 3.5 | 3.3 | 3.2 | 3.35 | Low |
| 09:30 | BE | Inflation Rate MoM | 0.63 | 0.3 | 0.4 | 0.52 | Low |
| 09:30 | BE | Inflation Rate YoY | 3.56 | 3.4 | 3.3 | 3.43 | Low |