The business confidence barometer in Belgium remained at 4 in October of 2021, the lowest level since March of 2021. Although the overall business confidence index was unchanged, the sentiment rebounded in business-related services (+8.4, to 16.4) after three consecutive months of decline. Meanwhile, the manufacturing industry (-0.7, to 2.3), building industry (-3.4, to 1.1), and trade (-4.2, to -2) showed weaker morale. source: National Bank of Belgium

Business Confidence in Belgium averaged -7.01 points from 1980 until 2021, reaching an all time high of 10.10 points in July of 2021 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 October of 2021.

Business Confidence in Belgium is expected to be 5.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Business Confidence is projected to trend around 4.80 points in 2022 and 3.40 points in 2023, according to our econometric models.

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Belgium Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-09-24 01:00 PM Sep 4 7.6 7.1
2021-10-25 01:00 PM Oct 4 4 2.2 3.2
2021-11-25 02:00 PM Nov 4 6


News Stream
Belgium Business Morale Stead at 7-Month Low
The business confidence barometer in Belgium remained at 4 in October of 2021, the lowest level since March of 2021. Although the overall business confidence index was unchanged, the sentiment rebounded in business-related services (+8.4, to 16.4) after three consecutive months of decline. Meanwhile, the manufacturing industry (-0.7, to 2.3), building industry (-3.4, to 1.1), and trade (-4.2, to -2) showed weaker morale.
2021-10-25
Belgium Business Morale Weakens for 2nd Straight Month
The business confidence barometer in Belgium fell for the second consecutive month to 4 in September of 2021 from 7.6 in the previous month. Sentiment deteriorated the most in business related services (8 vs 16.4 in August) due to entrepreneur’s less optimistic view of both current and future activities. Also, manufacturing industry (3 vs 7.2) showed a weaker morale as company bosses showed more moderated employment outlook, reserved demand forecasts; and assessed lesser order books and stock levels. In contrast, the business confidence improved slightly in building industry (4.5 vs 3.7) due to increase in new orders; and recovered in trade sector (2.2 vs -1.1) on better demand forecasts.
2021-09-24
Belgium Business Morale Eases from Record
The business confidence barometer in Belgium fell to 7.6 in August of 2021, a slight dip compared to July’s all time high of 10.1. Sentiment deteriorated in the manufacturing industry (7.2 vs 10 in July) despite a revival in the employment outlook and in the building industry (3.7 vs 5.8). Further drops took place in business-related services (16.4 vs 18.1) due to entrepreneurs’ lesser expectations of market demand and in the trade sector (-1.1 vs -0.2), due to pessimistic demand forecasts.
2021-08-25

Belgium Last Unit Reference Previous Highest Lowest
Business Confidence 4.00 points Oct/21 4.00 10.10 -36.10
Capacity Utilization 80.80 percent Sep/21 79.30 85.00 69.70
Changes In Inventories 1091.00 EUR Million Jun/21 2185.00 2566.00 -1029.00


Belgium Business Confidence
In Belgium, the business confidence survey measures the level of optimism that people who run companies have about the current economic situation and how they feel about their organizations’ prospects in the next three months. Every month, a panel of around 6000 business leaders is contacted.