In the second quarter, GDP dropped a seasonally adjusted 0.6% over the previous quarter, according to a preliminary flash estimate released by the National Bank of Belgium (NBB) on 1 August. The quarterly drop contrasted the revised 0.2% expansion recorded in the first quarter (initially reported: +0.3% quarter-on-quarter) and exceeded market expectations of a 0.3% decline. In annual terms, GDP declined 0.4% over the second quarter last year, contrasting the revised 0.4% expansion recorded in the first quarter (initially reported: +0.5% year-on-year). Meanwhile, along with the release of quarterly GDP data, the NBB also published revised figures for the 2010-2011 period, which showed that the economy grew 1.8% in 2011, below the previously reported 2.0% expansion. The Federal Planning Bureau expects the economy to expand only 0.1% in 2012. In contrast, the National Bank of Belgium predicts that the economy will contract 0.1% this year.
Economy contracts in second quarter
August 1, 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.