Belgium Economic Outlook
September 25, 2018Recently-released GDP data revealed that the economy grew at a modest quarter-on-quarter pace in Q2, only a notch above Q1’s reading and in line with the Eurozone average. Although private spending growth lost significant speed from the previous quarter, the shortfall was more than offset by healthy gains in fixed investment and net exports. Meanwhile, available data points to a continuation of relatively subdued dynamics in Q3. Although the labor market remains tight, the unemployment rate edged back up in July after remaining at its lowest level in over 17 years in Q2. In addition, increased inflationary pressures in July–August likely squeezed real household disposable incomes, which, coupled with downbeat consumer confidence in the quarter, suggest rather soft private consumption gains in Q3.
Belgium Economic GrowthEconomic growth is expected to remain broadly stable this year and next, underpinned by resilient household spending which should continue to be supported by steady employment growth and modest wage gains. The strong labor market and still-low interest rates are also seen facilitating healthy private investment activity. However, heightened uncertainty and potential spill-over impact from the trade war between the U.S. and China could dampen investment intentions or dent external sector performance, given the highly open nature of the economy. FocusEconomics analysts project growth of 1.5% in 2018 and 1.6% in 2019, which is unchanged from last month’s forecast.
Belgium Economy Data
5 years of Belgium economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.89||0.15 %||Oct 12|
|Exchange Rate||1.16||0.65 %||Oct 12|
|Stock Market||3,505||-0.23 %||Oct 12|
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Belgium Economic News
September 25, 2018
In July, industrial output rose 1.4% from a month earlier in seasonally-adjusted terms, rebounding from June’s revised 2.6% monthly drop (previously reported: -2.7% month-on-month).
Belgium: Consumer confidence recovers somewhat in September; business confidence rises to seven-month high
September 24, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from minus 3.0 points in August to 0.0 points in September.
September 20, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) climbed from -3.0 points in August to 0.0 points in September.
August 31, 2018
Comprehensive data released by the Bank of Belgium (NBB) on 31 August revealed that GDP growth in the second quarter came in at a modest 0.4% in quarterly terms and on a seasonally- and working day-adjusted basis, a tad above the preliminary estimate of 0.3% and the 0.3% expansion logged in the first quarter.
August 29, 2018
In June, industrial output declined 2.7% from a month earlier in seasonally-adjusted terms, contrasting May’s revised 1.1% monthly expansion (previously reported: +1.2% month-on-month).