The business barometer in Belgium fell to -12.1 in November of 2020 from -8.5 in the previous month. It was the lowest level in business morale since July and the first decline after rising for six consecutive months. The climate deteriorated in the trade sector (-30.4 vs -14.5 in October); the business-related services sector (-24 vs -8.7) and the building industry (-12.1 vs -4.3). On the other hand, there was an improvement in the manufacturing industry (-8 vs -9). source: National Bank of Belgium
Business Confidence in Belgium averaged -7.22 points from 1980 until 2020, 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 December of 2020.
Business Confidence in Belgium is expected to be -9.00 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 -4.00 in 12 months time. In the long-term, the Belgium Business Confidence is projected to trend around -3.00 points in 2021 and -7.00 points in 2022, according to our econometric models.