Belgium Economic Sentiment February 2019


Belgium: Economic sentiment deteriorates in February

February 25, 2019

The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in February to minus 7.0 points. The reading was driven by households’ deteriorating views on their ability to save over the short-term, which appeared linked to an uptick in inflation expectations and concerns over big-ticket purchases over the forecast horizon.

Moreover, the NBB’s business confidence indicator dipped from minus 1.5 points to minus 1.7 points on the back of deteriorating trade-and manufacturing-sector sentiment. On the other hand, optimism in the building- and services-related sectors picked up.

FocusEconomics panelists expect private consumption to expand 1.5% in 2019, which is unchanged from last month’s estimate, and 1.6% in 2020. Panelists expect fixed investment to expand 1.6% in 2019, which is unchanged from last month’s forecast, and 1.5% in 2020.


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Belgium Economic Sentiment Chart

Belgium Economic Sentiment February 2019

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

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