March 22, 2017
The business confidence index produced by the National Bank of Belgium (NBB) was minus 0.8 points in April, up from March’s minus 1.6 points. The rise was driven by improving sentiment in the trade, building industry and manufacturing sectors, while sentiment in the building-related services sector dipped for the second consecutive month.
Meanwhile, the NBB consumer confidence index held steady at 0 points in April, with growing optimism regarding the economy and unemployment offset by households’ worsening perception of their financial situation and savings.
Author: Oliver Reynolds, Economist