Belgium business confidence edged up to -5.7 in September of 2019 from -5.8 in the previous month and compared with market expectations of -5.5. Confidence improved among constructors (3.5 vs 2.2 in August) and service providers (5.1 vs 3.0). Meantime, morale worsened among manufacturers (-10.1 vs -9.6) and traders (-8.1 vs -7.8). Business Confidence in Belgium averaged -7.06 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 -6.20 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 -7.90 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -5.00 Index Points in 2020, according to our econometric models.