Belgium Economic Outlook
January 30, 2018A preliminary estimate released by the Statistical Institute shows that the economy expanded 0.5% in quarter-on-quarter terms in Q4, an acceleration from Q3’s soft expansion. While a breakdown by components has not yet been released, the acceleration was most likely driven by the domestic economy. Unemployment declined throughout the fourth quarter, reaching an over-six year low in December. Industrial production expanded sharply in October and November, and growth in the fourth quarter likely exceeded the third quarter’s average. The growth momentum has likely carried over into the first quarter of 2018, as leading indicators show that economic activity remains in good shape: Consumer confidence improved in January, and business confidence reached the best reading since April 2011.
Belgium Economic GrowthA tightening labor market, higher disposable income and declining inflation will support solid growth in private consumption, which should fuel a healthy pace of expansion this year. FocusEconomics panelists expect GDP to expand 1.7% in 2018, which is unchanged from last month’s forecast. In 2019, GDP is expected to grow 1.6%.
Belgium Economy Data
5 years of Belgium economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.03||0.15 %||Feb 20|
|Exchange Rate||1.23||0.65 %||Feb 20|
|Stock Market||3,939||-0.23 %||Feb 20|
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Belgium Economic News
January 29, 2018
Consumer confidence jumped in January to 4.0 points from 2.0 points in December.
January 29, 2018
According to a flash estimate released by the Bank of Belgium (NBB) on 29 January, GDP grew 0.5% in quarterly terms in Q4, which was an acceleration from Q3’s revised 0.2% expansion (previously reported: +0.3% quarter-on-quarter).
December 20, 2017
Consumer confidence dropped in December to 2.0 points from 3.0 points in November.
December 10, 2017
Industrial production contracted a sharper 1.1% in month-on-month, seasonally-adjusted terms in September, down from a revised 0.7% decline (previously reported: -0.6% month-on-month) in August.
November 30, 2017
Detailed data released by the Bank of Belgium (NBB) confirmed that quarter-on-quarter GDP growth weakened to 0.3% in Q3, deteriorating from a 0.5% expansion in Q2.