Trade Balance in Belgium
Belgium - Trade BalanceEconomic growth gained steam in quarter-on-quarter terms in the third quarter, mainly due to swifter expansions in both private and public spending. That said, a complicated domestic situation paints a less positive picture for activity in Q4: A spike in price pressures in October–November and gradually deteriorating consumer confidence in the quarter will have likely weighed on private spending. Moreover, the most recent wave of Covid-19 infections kept business confidence subdued in both October and November, possibly capping capital spending. The ongoing surge in new cases also prompted the government to tighten restrictions for the third time in recent weeks on 3 December, mainly focusing on the education sector. Furthermore, authorities are contemplating even tougher measures for the holidays, as neighboring countries continue to impose similar restrictions.
Belgium - Trade Balance Data
|Trade Balance (USD billion)||21.3||19.0||21.2||13.6||19.0|
5 years of economic forecasts for more than 30 economic indicators.
Belgium Trade Balance Chart
Source: National Bank of Belgium.
|Bond Yield||0.10||0.15 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 30, 2021
GDP growth edged up to 2.0% on a calendar- and seasonally-adjusted quarter-on-quarter basis in the third quarter, following the 1.7% rise logged in the second quarter.
November 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 1.0 in November, falling from October’s plus 4.0 result.
November 12, 2021
Industrial output increased 10.8% year-on-year in calendar-adjusted terms in October (September: +18.1% c.a.
October 28, 2021
According to a preliminary reading, GDP growth came in at 1.8% on a seasonally-adjusted quarter-on-quarter basis in the third quarter, rising slightly from 1.7% in the second quarter.
October 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 4.0 in October, falling from September’s plus 8.0 result.