In the third quarter, GDP growth remained flat in seasonally adjusted terms, according to a preliminary flash estimate released by the National Bank of Belgium (NBB) on 31 October. The subdued reading came in above both the 0.5% drop recorded in the second quarter and market expectations that had the economy contracting 0.1%. Compared to the same period last year, GDP declined 0.3% in the third quarter, which followed a revised 0.3% drop in the second quarter (previously reported: -0.4% year-on-year). Detailed and more complete data will be published on 5 December. The Federal Planning Bureau expects the economy to contract 0.1% this year. For 2013, the Bureau sees the economy growing 0.7%.
Economy shows flat growth in Q3
October 31, 2012
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Belgium GDP Chart
Note: Quarter-on-quarter changes of seasonally adjusted GDP and year-on-year variation in %.
Source: National Bank of Belgium (NBB) and FocusEconomics Consensus Forecast.
Belgium Economic News
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.
August 24, 2016
The business confidence index produced by the National Bank of Belgium (NBB) plummeted from plus 1.0 points in July to minus 3.1 points in August.