Belgium: Business and consumer confidence rebound in October
October 23, 2015
The business confidence index elaborated by the National Bank of Belgium (NBB) rose from September’s minus 6.8 points to minus 4.0 points in October. The reading marks the first increase after three consecutive declines. According to the NBB, the result was due to an increase in all four indicators included in the index with the largest gains reported in business-related activities and the manufacturing industry.
Meanwhile, the consumer confidence index elaborated by the NBB also improved in October, rising from September’s minus 10.0 points to minus 8.0 points. The result came largely on the back of increased optimism regarding the general economic situation in the country and lower unemployment prospects, according to the NBB.