Belgium: Business confidence and consumer confidence improve in May
May 28, 2015
The business confidence index elaborated by the National Bank of Belgium (NBB) rose from April’s minus 6.2 points to minus 4.9 points in May. The reading came in above the minus 6.0 points that the markets had expected and marked an over one-year high. According to the NBB, the result was due to a broad-based rise in confidence across all categories of the index.
The consumer confidence index elaborated by the NBB also rose from April’s minus 6.0 points to minus 3.0 points in May. According to the NBB, consumers have become more optimistic regarding the general economic situation in Belgium and their saving capacity. In addition, expectations for unemployment improved in May.