Belgium Economic Sentiment


Belgium: Business confidence improves, while consumer confidence stabilizes in April

April 27, 2015

The business confidence index elaborated by the National Bank of Belgium (NBB) ticked up from March’s minus 6.3 points to minus 6.2 points in April. The reading came in below the minus 5.7 points that the markets had expected and marked a five-month high. According to the NBB, the result was due to a rise in confidence in the manufacturing industry.

The consumer confidence index elaborated by the NBB stabilized at March’s minus 6.0 points in April. According to the NBB, consumers have become more optimistic regarding the general economic situation in Belgium. However, expectations for unemployment worsened for the second consecutive month.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.0% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees fixed investment growing at 2.6%. FocusEconomics panelists expect private consumption to grow 1.3% in 2015, which is up 0.1 percentage points from last month’s estimate. For 2016, the panel also expects private consumption to grow 1.3%.

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment April 2015

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

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