Belgium’s consumer confidence indicator held steady at -4 in July 2025, unchanged from the previous month and remaining above its long-term average. The figure also matched the highest level since February, as consumers expressed improved assessments of their future financial situation (–2 vs –3 in June). However, optimism faded around broader macroeconomic conditions. Sentiment toward the general economic outlook became slightly more pessimistic (–26 vs –24), and expectations for unemployment worsened marginally (7 vs 6), reflecting increased concerns about future job prospects. As in the previous month, households’ intentions to save remained unchanged at 19. Overall, the July results point to a stabilization in consumer sentiment after strong gains earlier in the year, though growing economic uncertainty and labor market concerns are beginning to weigh on confidence.