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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium Consumer Confidence fell to -10.0% in May 2026
FMPMonthlyReleased May 2026
Belgium Consumer Confidence fell to -10.0% in May 2026, down 1.0% from April's -9.0% reading. The print exceeded the -12.0% consensus by 2.0%. Consumer Confidence has now declined for 4 consecutive months. Consumer Confidence is now the lowest in 12 months.
Latest Release
-10
Actual
-12
Consensus
-9
Previous
Median Absolute Error
±1.75 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -12.75
Actual: -10
Error: -2.75
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.73 | CRYPTO | Bearish BTC | → View |
| USD/JPY | ▲ Direct | +0.34 | FOREX | Bullish USD | → 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 -10% in May 2026. This beat the market consensus of -12% by 2%. The reading fell from the previous value of -9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -2.5%, ranging from -10% to 2% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -5%, down from the prior three at 0.33%. Volatility over the past year (σ 3.41%) is comparable than the prior year (σ 3.51%). In May readings over the past 3 years, Consumer Confidence has averaged -8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with USD/JPY, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.75%.
WHAT TO WATCH NEXT
The next release is scheduled for June 22, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 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 (May 2026): actual -10 %, consensus -12 %. Prior reading (Apr 2026): -9 %. Before that (Mar 2026): -6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.73) — a useful reference for crypto-focused traders.