Belgium Economic Sentiment April 2016


Belgium: Business confidence improves, but consumer confidence deteriorates further in April

April 26, 2016

The business confidence index elaborated by the National Bank of Belgium (NBB) went up from March’s minus 4.2 points to minus 2.4 points in April. The result reflected an improvement in two of the four components of the index with the manufacturing industry tallying the biggest increase.

Meanwhile, the NBB consumer confidence index fell for a fourth consecutive month in April. The index declined from minus 7.0 in March to minus 8.0, thus tallying the worst result in six months. The reading reflected a more pessimistic assessment of households’ financial situation and personal savings. Assessment of Belgium’s macroeconomic outlook, on the other hand, improved marginally in the month surveyed.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.4% in 2016, which is down 0.4 percentage points from last month’s projection. For 2017, the panel sees fixed investment growing 2.7%. Our panelists expect private consumption to expand 1.1% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects private consumption to grow 1.3%.

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment April 2016 0

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

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