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.