20 August 2013, 17:41  Belgium's consumer confidence rise for the fifth consecutive month

Belgium's consumer confidence rose for the fifth consecutive month in August, to its highest level in 15 months, survey data from the National Bank of Belgium showed on Tuesday. The consumer confidence index climbed to -12 from -16 in July. The indicator still remains below its long-term average. The improvement in consumer sentiment during August was largely due to the more favorable macroeconomic expectations among Belgian households. The corresponding index surged to 1 from -10. Consumers were also slightly less pessimistic regarding their financial situation. The relevant index edged up to -4 from -5. Expectations regarding a rise in the unemployment also decreased with the corresponding index falling to 39 from 48. Meanwhile, households' saving capacity deteriorated for a second month and the index fell to -7 from -2.

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