Unemployment in Belgium
Belgium - UnemploymentThe economy should have recovered somewhat in Q3 after entering recession in Q2, although the pandemic continued to weigh on activity somewhat. Data for Q3 shows that industrial production deteriorated at a reduced rate in July–August relative to Q2. Moreover, retail sales regained strength in July–August, surging in August at a pace not seen since September 2008. In other news, a new coalition government was sworn in on 1 October, breaking 16 months of political deadlock. The new government’s program promises extra spending, which should support the recovery ahead. However, the challenging fiscal situation could limit room for maneuver, while the divergence of parties makes the coalition fragile. Meanwhile, surging Covid-19 cases led to the imposition of new restrictions on 19 October, including the closure of bars and restaurants, which is likely to hamper the recovery in Q4.
Belgium - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Belgium Unemployment 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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Belgium: Industrial output records best result on record in April, albeit largely due to a favorable base effect
June 10, 2021
Industrial output grew 28.3% year-on-year in calendar-adjusted terms in April, which was above March's 4.3% increase.
May 31, 2021
A second estimate confirmed that GDP rebounded on a seasonally-adjusted quarter-on-quarter basis in the first quarter, increasing 1.0% (previously reported: +0.6% s.a.
May 25, 2021
The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 4.0 in May, well above April's minus 6.0, amid looser restrictions.
May 10, 2021
Industrial output rose 1.7% year-on-year in calendar-adjusted terms in March, following February’s 1.4% increase.
April 29, 2021
According to a preliminary estimate, GDP increased 0.6% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 0.1% contraction recorded in the fourth quarter of last year.