Belgium business confidence edged down to -4.9 in June of 2019 from -3.6 in the previous month, and against market expectations of -2.2. It was the worst reading since February 2016, as confidence worsened among manufacturers (-8.5 from -6.6 in May); constructors (2.1 from 4.0) and service providers (2.0 from 3.4). On the other hand, confidence improved for traders (-0.7 from -8.1). Business Confidence in Belgium averaged -7.07 Index Points from 1980 until 2019, reaching an all time high of 9.20 Index Points in March of 2000 and a record low of -31.80 Index Points in March of 2009.
Business Confidence in Belgium is expected to be -3.30 Index 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 -6.50 Index Points in 2020, according to our econometric models.