In May, the National Bank of Belgium's business confidence indicator fell to minus 11.2 points from minus 10.7 points in April, which marked a third consecutive deterioration in the index and represents the lowest level recorded since November 2011. The reading, however, was virtually in line with market expectations, which had anticipated the index would fall to minus 11 points. According to the Bank, the decline in May was mainly driven by a marked deterioration in confidence in the construction sector, due to lower equipment utilisation and drop a in orders received. Faltering business confidence does not bode well for investment going forward. Simultaneously, the Bank's May consumer confidence indicator improved from minus 12 points in April to minus 10 points in May, which represents the highest level since October 2011. The survey revealed that, although consumers expect the overall economic situation will worsen in the next 12 months, they were less concerned about an increase in unemployment.
Belgium Economic Sentiment
Forward-looking indicators suggest weak growth going forward
May 24, 2012
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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.