Belgium: Economic sentiment improves in September
Economic sentiment came in at 88.9 in September, up from August’s 87.2. Consequently, the index remained entrenched below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector. Moreover, confidence in the services and trade sectors improved. That said, sentiment in the construction sector weakened. Lastly, consumer confidence cooled in September.
Relating to indicators that are not used to calculate the index, employment expectations improved, and the economic uncertainty index improved in September.