Belgium Economic Sentiment


Belgium: Business confidence worsens and consumer confidence stabilizes in August

August 25, 2015

The business confidence index elaborated by the National Bank of Belgium (NBB) fell from July’s minus 4.1 points to minus 5.1 points in August. The reading notably undershot market expectations of a rise to minus 3.5 points. According to the NBB, the result was due to a fall in confidence in the manufacturing and trade sectors, while an improvement in confidence was recorded in business-related services.

Meanwhile, the consumer confidence index elaborated by the NBB was unchanged in August, remaining at July’s minus 6.0 points. According to the NBB, the result came largely on the back of increased pessimism regarding the general economic situation in the country, which was offset by an improvement in consumers’ views toward unemployment.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.9% in 2015, which is down 0.3 percentage points from last month’s projection. For 2016, the panel sees fixed investment growing at 2.2%. FocusEconomics panelists expect private consumption to grow 1.4% in 2015, which is up 0.1 percentage points from last month’s estimate. For 2016, the panel expects private consumption to grow 1.4%.

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Belgium Economic Sentiment Chart

Belgium Economic Sentiment August 2015

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

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