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.

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Belgium Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -7.50 9.20 -36.10 1980 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-24 02:00 PM Nov -12.1 -8.5 -9
2020-12-18 02:00 PM Dec -8.4 -12.1 -13.4 -13.3
2021-01-25 02:00 PM Jan -7.5 -8.4 -9.5
2021-02-22 02:00 PM Feb -4.4 -7.5 -6.9
2021-03-25 02:00 PM Mar -4.4
2021-04-26 01:00 PM Apr
2021-05-26 01:00 PM May
2021-06-25 01:00 PM Jun


News Stream
Belgium Business Confidence at 1-Year High
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.
2021-02-22
Belgium Business Confidence at 11-Month High
The business confidence barometer in Belgium rose to -7.5 in January of 2021 from -8.4 in the previous month. It was the highest reading in business morale since February, mainly under the impetus of a marked upturn in the building industry (-8 vs -13 in December). The recovery has also been evident in business-related services (-10.2 vs -13.1). Conversely, the business climate in the manufacturing industry has deteriorated slightly (-13 vs -12.1), and in the trade sector (-25 vs -24.6).
2021-01-25
Belgium Business Morale Up to 10-Month High
The business barometer in Belgium rose to -8.4 in December of 2020 from -12.1 in the previous month, beating market expectations of -13.4. It was the highest reading in business morale since February, mainly under the impetus of a marked upturn in business-related services (-13.1 vs -24 in November). The recovery has also been evident in the trade sector (-24.6 vs -30.4) and, once again, in the manufacturing industry (-5.1 vs -8). Conversely, the business climate in the building industry has deteriorated slightly this month (-13 vs -12.1).
2020-12-18
Belgium Business Morale Drops Back to 4-Month Low
The business barometer in Belgium fell to -12.1 in November of 2020 from -8.5 in the previous month. It was the lowest level in business morale since July and the first decline after rising for six consecutive months. The climate deteriorated in the trade sector (-30.4 vs -14.5 in October); the business-related services sector (-24 vs -8.7) and the building industry (-12.1 vs -4.3). On the other hand, there was an improvement in the manufacturing industry (-8 vs -9).
2020-11-24

Belgium Business Confidence
In Belgium, the business confidence survey measures the level of optimism that people who run companies have about the current economic situation and how they feel about their organizations’ prospects in the next three months. Every month, a panel of around 6000 business leaders is contacted.