The September business confidence indicator published by the National Bank of Belgium (NBB) edged up to minus 11.6 points from minus 11.8 points in August. Despite the improvement, the indicator fell short of market expectations, which had the index rising to minus 11.3 points. The slight improvement was mainly the result of increasing confidence in the construction sector and a notable improvement in business-related services. In contrast, respondents in the manufacturing sector were less optimistic compared to the previous month. Simultaneously, the NBB's September consumer confidence indicator rose to minus 14 points, up from the minus 16 points recorded in August, when the indicator fell to its lowest level in six months. According to the Bank, consumers showed a less gloomy assessment about an increase in unemployment in the year ahead. Moreover, the assessment of consumers' personal financial situation as well as that of the economic situation in the next 12 months remained unchanged compared to the previous month.
Belgium Economic Sentiment
Forward-looking indicators improve slightly in September
September 21, 2012
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Belgium Economic Sentiment Chart
Note: Business and Consumer Confidence Indicators
Source: National Bank of Belgium (NBB).
Belgium Economic News
October 21, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 2.2 points in September to minus 1.8 points in October.
Belgium: Business confidence recovers timidly but consumer confidence deteriorates further in September
September 23, 2016
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.
September 23, 2016
In July, industrial production increased a seasonally-adjusted 1.9% over the previous month, which was above the 1.2% registered in June and represented a 6-months high.
August 31, 2016
In the second quarter of 2016, GDP increased a seasonally-adjusted 0.5% over the previous quarter, according to comprehensive data released by the National Bank of Belgium (NBB) on 31 August.
August 25, 2016
In June, industrial production increased a seasonally-adjusted 2.0% over the previous month, which contrasted the 0.4% contraction in May.