In the third quarter, gross domestic product (GDP) increased 0.5% over the previous quarter in seasonally adjusted terms, according to preliminary data released by the National Bank of Belgium on 28 October. The quarterly expansion halved the 1.0% increase tallied in the second quarter (previously reported: +0.9% quarter-on-quarter) and overshot last month's Consensus Forecast, which had the economy rising 0.2%. Final results will be published on 8 December. On an annual basis, the economy grew 2.1% in the third quarter, slower than the 2.6% expansion observed in the second quarter. The economy marked the third consecutive annual expansion after having contracted for five consecutive quarters since the fourth quarter of 2008. The Central Bank expects economic activity to grow 1.3% this year. For 2011, monetary authorities see the economy expanding 1.7%.
Economy grows faster than estimated in the third quarter
October 28, 2010
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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.