In July, the business confidence indicator published by the National Bank of Belgium (NBB) rose to minus 11.3 points from minus 13.2 points in June, marking the first improvement after four consecutive deteriorations. Moreover, the increase defied market expectations, which had expected the index would fall to minus 13.6 points. According to the Bank, the monthly improvement was broad-based, reflecting increased confidence in all subcategories, particularly in trade and business-related services, which according to the Bank, assessed the level of activity more positively, and they are more optimistic about demand forecasts. Meanwhile, the Bank's July consumer confidence indicator dropped to minus 13 points, which was below the minus 10 points recorded in June, and represents the lowest level in five months. According to the NBB, the July survey revealed that consumers are once again showing gloomier expectations of the overall economic situation for the next 12 months and a more pessimistic assessment of their personal financial situation. In addition, respondents were more concerned about an increase in unemployment.
Belgium Economic Sentiment
Forward-looking indicators paint mixed picture in July
July 25, 2012
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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.