Belgium Economic Sentiment August 2017

Belgium

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.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.6% in 2017, which is down 0.4 percentage points from last month’s projection. For 2018, the panel sees fixed investment growing 2.4%. Our panelists expect private consumption to expand 1.5% in 2017, which is up 0.1 percentage points from last month’s estimate. For 2018, the panel expects private consumption to grow 1.4%.


Author:, Economist

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Belgium Economic Sentiment August 2017 3

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


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