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.
Author: Oliver Reynolds, Economist