Belgium business confidence edged down to -3.6 in May of 2019 from -3.2 in the previous month, and against market expectations of -2. It was the worst reading since March 2016, as confidence worsened among traders (-8.1 from -3.6 in April), manufacturers (-6.6 from -6.1) and service providers (3.4 from 5.7). On the other hand, confidence improved for constructors (4.0 from 0.5). Business Confidence in Belgium averaged -7.07 Index Points from 1980 until 2019, reaching an all time high of 9.20 Index Points in March of 2000 and a record low of -31.80 Index Points in March of 2009.
Business Confidence in Belgium is expected to be -2.30 Index 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 -3.50 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -6.50 Index Points in 2020, according to our econometric models.