Belgium: Business and consumer confidence drop in February
February 22, 2017
The business confidence index produced by the National Bank of Belgium (NBB) was minus 1.1 points in February, a deterioration from January’s plus 0.5 points. The decline was driven by worsening sentiment in the manufacturing sector, while sentiment in the trade, building and business-related services sectors improved.
Meanwhile, the NBB consumer confidence index also dipped in February following three consecutive monthly increases, dropping from 0 points to minus 2.0 points. The decline was due to a worsening of consumers’ perceptions of the country’s economic situation and the unemployment situation, while consumers’ perspectives regarding their financial situation and savings improved.
Author: Oliver Reynolds, Economist