Belgium Economic Sentiment February 2016

Belgium

Belgium: Business and consumer confidence deteriorate for the second straight month in February

February 22, 2016

The business confidence index elaborated by the National Bank of Belgium (NBB) deteriorated sharply from January’s minus 3.0 points to minus 6.6 points in February. The result came on the back of a sharp decline in three of the four components of the index, with the manufacturing industry recording the biggest drop. Business-related industries, on the other hand, were the only component that reported an increase in February.

Meanwhile, the consumer confidence index elaborated by the NBB declined for the second consecutive month. The index declined from minus 4.0 in January to minus 5.0 in February. According to the NBB, the result reflected a more pessimistic outlook on three of the four components of the index. The outlook on the overall economic situation in Belgium was the component that reported the biggest deterioration in February, while household savings was the only component that improved, albeit marginally.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.9% in 2016, which is up 0.1 percentage points from last month’s projection. For 2017, the panel sees fixed investment growing at 2.6%. Our panelists expect private consumption to expand 1.3% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel expects private consumption to also grow 1.4%.

Sample Report

Looking for forecasts related to Economic Sentiment in Belgium? Download a sample report now.

Download

Belgium Economic Sentiment Chart


Belgium Economic Sentiment February 2016

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


Belgium Economic News

More news

Search form