Belgium Economic Outlook
August 27, 2019
A preliminary estimate revealed economic activity slipped to a near two-year low in the second quarter. Although a detailed breakdown is not yet available, government expenditure is expected to have slowed amid protracted difficulties to form a national government, while deteriorating business sentiment points to stunted capital investment. On a brighter note, average retail sales growth for Q2 was above that of Q1, which, coupled with sustained labor market tightening and easing inflation, suggests that household spending held up. In the political arena, coalition talks at the national level are expected to begin once negotiations at the regional level have concluded. So far, Brussels and the country’s German-speaking region have formed governments, while negotiations in Wallonia and Flanders are likely to take more time. Economic policy should remain stable until the next government is in place.Belgium Economic Growth
The economy is expected to slow this year as sluggish growth across most of the Eurozone drags on the external sector. That said, household spending is expected to remain solid, as consumers benefit from the tight labor market and the recent wage-indexing measures, while fixed investment will likely benefit from cheap financing conditions. FocusEconomics analysts see growth at 1.2% in 2019, which is unchanged from last month’s forecast, and at 1.1% in 2020.Belgium Economy Data
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Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.33 | 0.15 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 3,589 | -0.23 % | Sep 04 |
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Belgium Economic News
Belgium: Industrial production growth soars to near-nine-year high in June
August 23, 2019
Industrial output rose 11.6% on a year-on-year seasonally-adjusted basis in June, accelerating from May’s downwardly revised 2.0% increase (previously reported: +2.5% year-on-year seasonally adjusted), marking the fastest expansion since July 2010.
Belgium: Growth slips to near two-year low in Q2
July 30, 2019
Belgium’s economy grew 0.2% quarter-on-quarter and in seasonally-adjusted terms in the second quarter (Q1: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 July.
Belgium: Industrial production growth slows in May
July 25, 2019
Industrial output increased 2.5% on a year-on-year seasonally-adjusted basis in May, down from April’s 5.7% result, which had marked the fastest expansion in 28 months.
Belgium: Economic sentiment deteriorates in July
July 24, 2019
Meanwhile, the NBB’s business confidence indicator inched down in July to minus 5.0 points from minus 4.9 points in June, marking the fourth consecutive monthly deterioration of the index.
Belgium: Consumer sentiment marginally up in July
July 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 1 point in July to minus 6 points.
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