Belgium business confidence decreased to -1.1 in October of 2018 from 1.2 in the previous month and against market expectations of 0.6. Confidence worsened among manufacturers (-4 from -1.1 in September) and service providers (7.3 from 12.5). On the other hand, confidence improved among constructors (5.8 from 3.6) and traders (-9 from -10). Business Confidence in Belgium averaged -7.15 Index Points from 1980 until 2018, 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 0.20 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 -3.20 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.
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