Belgium Economic Sentiment


Belgium: Business confidence and consumer sentiment stabilize in September

September 25, 2014

The business confidence index elaborated by the National Bank of Belgium (NBB) was virtually stable in September. The indicator inched up from August’s minus 7.3 points to minus 7.2 points. September’s result was slightly below the minus 7.1 points the markets had expected. According to the Bank, more optimism in the manufacturing sector—mainly due to a better assessment of total order books—compensated for services and trade sector firms’ more pessimistic outlook.

In September, the consumer confidence index remained unchanged at August’s minus 11.0 points. According to the Bank, deteriorating expectations regarding both the overall economic outlook and unemployment were compensated for by more optimistic prospects in the financial situation of households as well as their savings capacity.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.5% in 2014, which is unchanged from last month’s projection. For 2015, the panel sees fixed investment growing at 2.2%. Panelists expect private consumption to grow 1.1% in 2014, which is down 0.1 percentage points from last month’s projection. Next year, the panel expects private consumption to grow 1.4%.

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment September 2014 0

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

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