Belgian consumers plan modest spending

17th January 2006, Comments 0 comments

17 January 2006, BRUSSELS — Belgian consumers will spend carefully this year amid concerns over high unemployment rates, the high cost of energy and their pension.

17 January 2006

BRUSSELS — Belgian consumers will spend carefully this year amid concerns over high unemployment rates, the high cost of energy and their pension.

The findings were included in the Observateur Cetelem report, which observes the consumption habits in 12 European countries, newspaper 'De Tijd' reported on Tuesday.

In September, 8,000 people from Belgium, France, Italy, Spain, Russia, Slovenia, the UK, Poland, Portugal, Hungary, the Czech Republic and Germany were surveyed about their consumption habits.

The Belgian consumer plans to spend money this year, but will do so with the necessary care due to concerns over unemployment, energy costs and pensions.

Most consumers in Europe plan to cut spending, but the internet forms an exception. The internet will continue it rise: with 26 percent of Europeans already indicating they have made a purchase online.

Among European consumers, Belgians appear the least pessimistic about the global situation in their country. However, this optimism has declined considerably since 2004.

Belgians give the current global situation a score of 5.9 out of 10 compared with 6.3 in 2004. Pro-Europe Belgium appears to have suffered a blow to its optimism due to the French 'no' vote against the EU Constitution last year. 

The European average is 4.7, the same as what is was in 2004. The Portuguese are the most pessimistic, giving the current situation a score of three.

[Copyright Expatica News 2006]

Subject: Belgian news

0 Comments To This Article