Belgium Economic Sentiment September 2016


Business confidence recovers timidly but consumer confidence deteriorates further in September

The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 3.1 points in August to minus 2.2 points in September. The improvement came from the manufacturing sector, which had a more positive assessment of total order books, and from retail, which expects demand and employment to improve in the short-term.

Meanwhile, the NBB consumer confidence index fell dramatically in September, plummeting from minus 4.0 points in August to minus 10.0 points. The deterioration was broad-based, with all 4 components worsening. Unemployment expectations registered the largest swing and rose sharply.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 1.8% in 2016, which is up 0.2 percentage points from last month’s projection. For 2017, the panel sees fixed investment growing 2.6%. Our panelists expect private consumption to expand 0.8% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects private consumption to grow 1.1%.

Author:, Economist

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment September 2016 0

Note: Business and Consumer Confidence Indicators.
Source: National Bank of Belgium (NBB).

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