The business confidence barometer in Belgium climbed to 6.5 in May of 2021, the highest reading since July of 2007, from 4.4 in the previous month. It was the sixth consecutive month of improvement, amid increased optimism among business-related services (14.8 from 7.0 in April) and in the building industry (9.7 from 6.4), due to higher demand and activity expectations. Brighter outlooks were also recorded in the trade sector (-6.5 from -13.0) where demand forecasts have picked up. In manufacturing, company managers’ morale was broadly unchanged (4.9 from 4.6), as enhanced employment prospects were offset by a deterioration in the assessment of total order books and stock levels. source: National Bank of Belgium
Business Confidence in Belgium averaged -7.15 points from 1980 until 2021, 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 June of 2021.
Business Confidence in Belgium is expected to be 2.00 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 0.80 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around 2.50 points in 2022 and 3.40 points in 2023, according to our econometric models.