Belgium: Economic sentiment improves in November
November 27, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 2 points in November to minus 6, the second consecutive monthly improvement. November’s increase reflected improving macroeconomic prospects, despite protracted difficulties to form a national government, and lower concerns over unemployment over the next 12-months, as well as improved saving prospects by households.
Meanwhile, the NBB’s business confidence indicator rose in November to minus 3.9 points from minus 4.6 points in October. Growing confidence across the trade-, manufacturing- and construction-related industries drove the monthly result.
Author: Nicolás J. Aguilar, Economist