Unemployment in Belgium
Belgium - Unemployment
Economic activity seems to have edged up in the second quarter, as private consumption likely benefited from sustained labor market tightening in April–May and personal income tax cuts. On the flipside, fixed investment likely took a breather in Q2, as survey-based data for the quarter revealed a deterioration in sentiment in most sectors; notably, confidence in the manufacturing sector sank to its lowest point in over three years in June. Meanwhile, in the political arena, coalition talks on the heels of May’s federal election have yet to begin, and political parties appear to be waiting for negotiations to settle at the regional level before moving turning their attention to the national level. Although the Brussels region formed a government on 21 July, negotiations in Wallonia and Flanders are likely to take more time. Economic policy should remain stable until the next government is in place.Belgium - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 8.5 | 8.5 | 8.5 | 7.9 | 7.1 |
Belgium Unemployment Chart
Source: National Bank of Belgium.
Belgium Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.12 | 0.15 % | Jul 31 |
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 3,701 | -0.23 % | Jul 31 |
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Economic News
Belgium: Growth slips to near two-year low in Q2
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.
Belgium: Industrial production growth slows in May
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.
Belgium: Economic sentiment deteriorates in July
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.
Belgium: Consumer sentiment marginally up in July
July 19, 2019
The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose 1 point in July to minus 6 points.
Belgium: Industrial production gains traction in April
June 25, 2019
Industrial output increased 5.5% on a year-on-year seasonally-adjusted basis in April, up from March’s 1.2% result.
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