Belgium Economic Sentiment May 2017

Belgium

Belgium:

May 24, 2017

The business confidence index produced by the National Bank of Belgium (NBB) dipped from minus 0.8 points in April to minus 1.1 points in May. The decline was driven by worsening sentiment in the building industry and business-related service sectors, while sentiment in the trade and manufacturing sectors improved compared to the prior month.

Meanwhile, the NBB consumer confidence index came in at 0 points in May for the third consecutive month, with growing optimism regarding savings offset by households’ worsening perception of unemployment and their financial situation.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.9% in 2017, which is up 0.4 percentage points from last month’s projection. For 2018, the panel sees fixed investment growing 2.4%. Our panelists expect private consumption to expand 1.3% in 2017, which is unchanged from last month’s estimate. For 2018, the panel expects private consumption to grow 1.2%.


Author:, Economist

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Belgium Economic Sentiment Chart


Belgium Economic Sentiment May 2017

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


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