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). source: National Bank of Belgium
Business Confidence in Belgium averaged -7.22 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 January of 2021.
Business Confidence in Belgium is expected to be -13.30 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.