Belgium Economic Sentiment April 2017

Belgium

Belgium:

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.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.5% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees fixed investment growing 2.4%. Our panelists expect private consumption to expand 1.2% in 2017, which is unchanged from last month’s estimate. For 2018, the panel also expects private consumption to grow 1.2%.


Author:, Economist

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Belgium Economic Sentiment April 2017

Note: Business and Consumer Confidence Indicators.
Source: National Bank of Belgium (NBB).


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