Belgium: Consumer confidence remains unchanged in August, while business confidence declines slightly
August 24, 2017
Business confidence fell from minus 1.5 in July to minus 2.1 in August. The decrease in the barometer resulted from worsening sentiment in the business-related services, building and trade industries, which more than offset improving sentiment in the manufacturing industry.
Consumer confidence was unchanged in August at July’s 2.0 points, which marked the highest reading since the pre-crisis peak in 2007. Consumers grew more optimistic regarding the country’s economic situation and unemployment, while they became less positive concerning their financial situation and ability to save.
Author: Oliver Reynolds, Economist