Belgium city from above

Belgium Economic Sentiment October 2020

Belgium: Consumer sentiment improves in November; business pessimism continues to ease in October

The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose to minus 15 in November, improving from October’s minus 17, despite the lockdown imposed on 2 November. Expectations on the future of the economy ameliorated, while unemployment concerns dissipated somewhat. Moreover, households’ expectations on savings improved while their outlook on their financial situation remained unchanged.

On a different note, NBB’s business confidence indicator came in at minus 8.5 in October, up from minus 10.8 in September, continuing the improving trend that started in May. The uptick came as pessimism eased in manufacturing, business-related services and trade industries. Contrastingly, the building industry became slightly gloomier in October.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest