Belgium business confidence went up to -34.4 in May of 2020 from a record low of -36.1 hit in the previous month and below market expectations of -29.5. Sentiment improved among service providers (-35.1 vs -62.1 in April) driven by a very sharp upward revision of prospects for firms’ own business activity as well as for general market demand. Meantime, in the trade sector, confidence has stabilized (-41.8 vs -41.6). On the other hand, confidence worsened among constructors (-24.3 vs -23.2) mainly due to a more negative appraisal of order books; and manufacturers (-36 vs -32.6) on the back of unfavourable assessments of current order books and stock levels.
Business Confidence in Belgium averaged -7.14 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 May of 2020.
Business Confidence in Belgium is expected to be -28.00 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 -17.00 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -12.00 points in 2021 and -7.00 points in 2022, according to our econometric models.