Belgium Economic Sentiment May 2019

Belgium

Belgium: Economic sentiment splits in May

May 24, 2019

The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 2 points in May to minus 5 points. May’s uptick was due entirely to improved macroeconomic prospects, which eased consumers’ anxieties over unemployment.

Meanwhile, the NBB’s business confidence indicator fell to minus 3.6 points from minus 3.2 points in March. Deteriorating sentiment across the trade-, business, and manufacturing-related industries drove the downturn.

FocusEconomics panelists expect private consumption to expand 1.2% in 2019, which is up 0.1 percentage points from last month’s forecast, and 1.6% in 2020. Panelists expect fixed investment to expand 2.8% in 2019, which is up 0.1 percentage points from last month’s forecast, and 1.7% in 2020.


Author:, Economist

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Belgium Economic Sentiment Chart


Belgium Economic Sentiment May 2019

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


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