The business confidence barometer in Belgium decreased to -9.2 in May 2023, the lowest in three months and below market expectations of -6. The indicator deteriorated in the manufacturing industry due to more pessimistic demand and employment expectations. On the other hand, the assessment of stock levels was more favourable, as was the appraisal of order books, albeit marginally. In business-related services, business sentiment benefited from a better assessment of current activity. On the other hand, activity and market demand expectations weakened, leading to a fall in the indicator in this sector. Finally, the loss of confidence in the building industry is attributable to the trend in orders, while the trend in the use of equipment was assessed more positively. Demand expectations improved somewhat. On the other hand, the trade sector as a whole reported a sharp upward revision of demand expectations and, to a lesser extent, employment expectations. source: National Bank of Belgium
Business Confidence in Belgium averaged -6.95 points from 1980 until 2023, reaching an all time high of 10.10 points in July of 2021 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 June of 2023.
Business Confidence in Belgium is expected to be -4.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.