Belgium: Economic sentiment picks up in November
Economic sentiment came in at 88.7 in November, up from October’s 85.1. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected languishing sentiment in the industrial sector and weaker sentiment in the construction sector. Meanwhile, confidence in the services sector improved in November, whereas sentiment in the retail sector rose in the surveyed month. Finally, consumer confidence increased in November.
Referring to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in November.