Current Account in Belgium
Belgium - Current AccountA preliminary estimate revealed economic activity slipped to a near two-year low in the second quarter. Although a detailed breakdown is not yet available, government expenditure is expected to have slowed amid protracted difficulties to form a national government, while deteriorating business sentiment points to stunted capital investment. On a brighter note, average retail sales growth for Q2 was above that of Q1, which, coupled with sustained labor market tightening and easing inflation, suggests that household spending held up. In the political arena, coalition talks at the national level are expected to begin once negotiations at the regional level have concluded. So far, Brussels and the country’s German-speaking region have formed governments, while negotiations in Wallonia and Flanders are likely to take more time. Economic policy should remain stable until the next government is in place.
Belgium - Current Account Data
|Current Account (% of GDP)||-0.4||-0.9||-1.1||-0.6||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Current Account Chart
Source: National Bank of Belgium and FocusEconomics calculations.
|Bond Yield||-0.33||0.15 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||3,589||-0.23 %||Sep 04|
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August 23, 2019
Industrial output rose 11.6% on a year-on-year seasonally-adjusted basis in June, accelerating from May’s downwardly revised 2.0% increase (previously reported: +2.5% year-on-year seasonally adjusted), marking the fastest expansion since July 2010.
July 30, 2019
Belgium’s economy grew 0.2% quarter-on-quarter and in seasonally-adjusted terms in the second quarter (Q1: +0.3% quarter-on-quarter s.a.), according to a first estimate released by the National Bank of Belgium (NBB) on 30 July.
July 25, 2019
Industrial output increased 2.5% on a year-on-year seasonally-adjusted basis in May, down from April’s 5.7% result, which had marked the fastest expansion in 28 months.
July 24, 2019
Meanwhile, the NBB’s business confidence indicator inched down in July to minus 5.0 points from minus 4.9 points in June, marking the fourth consecutive monthly deterioration of the index.
July 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 1 point in July to minus 6 points.