The economy is likely to report slower growth in the third quarter as business confidence deteriorated sharply in September, while consumer confidence remained unchanged at a 12-month low. According to the monthly business and consumer surveys published by National Bank of Belgium, business confidence fell from minus 7.8 points in August to minus 9.4 points in September. The reading represented the fifth consecutive month of falling sentiment, dropping to its lowest level in two years. The September survey showed that business climate deteriorated across all sectors surveyed except construction. According to the Bank, the deterioration mainly reflects a less optimistic assessment of business prospects. Simultaneously, the consumer confidence indicator remained unchanged in September at minus 9 points, which represents the lowest level since June 2010. According to the September survey, consumers assessed the general economic situation for the next 12 months more negatively compared to the previous month. In addition, the September result showed consumers' increasing fears of rising unemployment.
Leading indicators suggest that the economy slowed in third quarter
September 23, 2011
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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.