Belgium Economic Sentiment February 2017


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.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.4% in 2017, which is down 0.1 percentage points from last month’s projection. For 2018, the panel sees fixed investment growing 2.2%. Our panelists expect private consumption to expand 1.1% in 2017, which is unchanged from last month’s estimate. For 2018, the panel expects private consumption to grow 1.3%.

Author:, Economist

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment February 2017

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

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