Belgium: Business confidence recovers timidly but consumer confidence deteriorates further in September
September 23, 2016
The business confidence index produced by the National Bank of Belgium (NBB) rose from minus 3.1 points in August to minus 2.2 points in September. The improvement came from the manufacturing sector, which had a more positive assessment of total order books, and from retail, which expects demand and employment to improve in the short-term.
Meanwhile, the NBB consumer confidence index fell dramatically in September, plummeting from minus 4.0 points in August to minus 10.0 points. The deterioration was broad-based, with all 4 components worsening. Unemployment expectations registered the largest swing and rose sharply.
Author: Christopher Mc Innes, Economist