Belgium Economic Sentiment


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.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 1.4% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees fixed investment growing at 2.4%. FocusEconomics panelists expect private consumption to grow 1.3% in 2015, which is unchanged from last month’s estimate. For 2016, the panel expects private consumption to grow 1.4%.

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment May 2015

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

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