The business confidence barometer in Belgium rose to -4.4 in February of 2021 from -7.5 in the previous month, hitting its highest level since February of last year. Sentiment improved in almost every branch of activity, with the most favorable outlooks being recorded in the building industry (-2.3 from -8.0 in January), business-related services (-3.8 from -10.2). In addition, confidence among manufacturers recovered to early 2020 levels (-4.0 vs -5.4), while that among traders became less negative (-18.2 from -25.0), although economic conditions still lag far behind pre-pandemic levels. source: National Bank of Belgium
Business Confidence in Belgium averaged -7.22 points from 1980 until 2021, reaching an all time high of 9.20 points in March of 2000 and a record low of -36.10 points in April of 2020. This page provides the latest reported value for - Belgium Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belgium Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Business Confidence in Belgium is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Belgium to stand at -3.00 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -7.00 points in 2022, according to our econometric models.