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.