Belgium business confidence edged down to -1.7 in February of 2019 from -1.5 in the previous month, but above market expectations of -2.3. It is the worst reading since September 2017, as sentiment fell among traders (-6.8 from -5.4 in January) and manufacturers (-4.6 from -3.1). On the other hand, confidence improved for service providers (5.1 from 3.2) and constructors (5.5 from 1.9). Business Confidence in Belgium averaged -7.10 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 -1.80 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 -3.50 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.