The business barometer in Belgium increased to -8.5 in October of 2020 from -10.8 in the previous month, above market expectations of -11.5. It was the highest reading since February, as sentiment improved among manufacturers (-9 vs -11.6 in September); service providers (-8.7 vs -9.2) and traders (-14.5 vs -26.3). In contrast, confidence decreased among constructors (-4.3 vs -4).
Business Confidence in Belgium averaged -7.21 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 October of 2020.
Business Confidence in Belgium is expected to be -9.00 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 -4.00 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -3.00 points in 2021 and -7.00 points in 2022, according to our econometric models.