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.