Belgium business confidence went up to -22.9 in June of 2020 from -34.4 in the previous month and above market expectations of -28. The business climate has firmed up the most strongly in business-related services (-5.1 vs -35.1), which had been hit the hardest by the COVID-19 crisis. The recovery in the trade sector (-22.8 vs -41.8), although certainly very evident, seems to be more gradual, both in terms of timing and strength. Morale among company managers has also recovered distinctly in the building industry (-7.3 vs -24.3). It is in the manufacturing industry that the rise in confidence has been the weakest this month. Overall, the improvement that had already been observed in May for three-month-ahead forecasts is gaining strength and this is being reflected this month in appraisals of the current situation.
Business Confidence in Belgium averaged -7.17 points from 1980 until 2020, 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 July of 2020.
Business Confidence in Belgium is expected to be -22.90 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 -17.00 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -12.00 points in 2021 and -7.00 points in 2022, according to our econometric models.