Belgium Economic Sentiment

Belgium

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.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.1% in 2015, which is up 0.1 percentage points from last month’s projection. For 2016, the panel sees fixed investment growing at 1.1%. FocusEconomics panelists expect private consumption to expand 1.9% in 2015, which is up 0.2 percentage points from last month’s estimate. For 2016, the panel expects private consumption to grow 1.3%, which is unchanged from last month’s projection.

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Belgium Economic Sentiment October 2015

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


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