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.
Author: Andrea Vetrugno, Economist