Belgium Economic Sentiment January 2019

Belgium

Belgium: Economic sentiment dips lower in January

January 25, 2019

The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell another 1.0 point in January to minus 6.0 points. The reading was driven by an expected worsening of the economic situation in Belgium, which stoked fears of unemployment over the short-term.

Moreover, the NBB’s business confidence indicator dipped from minus 0.9 points to minus 1.5 points on the back of deteriorating trade-and building-sector sentiment. On the other hand, views in the manufacturing sector notched a modest improvement amid tighter industrial capacity.

FocusEconomics panelists expect private consumption to expand 1.5% in 2019, which is down 0.1 percentage points from last month’s estimate, and 1.6% in 2020. Panelists expect fixed investment to expand 1.6% in 2019, which is down 0.4 percentage points from last month’s forecast, and 1.5% in 2020.


Author:, Economist

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Belgium Economic Sentiment January 2019 1

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


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