Belgium Economic Sentiment December 2016

Belgium

Belgium: Business and consumer confidence improve in December

December 22, 2016

The business confidence index produced by the National Bank of Belgium (NBB) was minus 0.2 points in December, an improvement from November’s minus 1.8 points. Sentiment among business leaders in the manufacturing and building sectors improved, thanks to a more favorable assessment of total order books in both sectors. Conversely, economic sentiment in the trade sector fell considerably.

Meanwhile, the NBB consumer confidence index also improved in December, increasing from minus 7.0 points in November to minus 5.0 points, its highest level in four months. The improvement was fueled primarily by consumers’ more optimistic views about their future savings, while their assessment of Belgium’s economic situation remained at November’s level.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.6% 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 December 2016

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


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