The business confidence barometer in Belgium edged down to 3.6 percent in December of 2021 from 4.2 in the previous month. It was the lowest level in business morale since March as sentiment weakened in business-related services (10.2 vs 15.3), particularly the outlook for activity; and building industry (1.2 vs 2.3) due to contraction in order books and lower use of the available equipment. Also, sentiment declined further for trade (-3.5 vs -2.4) on account of lower forecasts for employment and orders placed with suppliers. Meanwhile, business confidence increased in manufacturing industry (2.5 vs 3.1) due to a more favourable assessment of stock levels. source: National Bank of Belgium

Business Confidence in Belgium averaged -6.97 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 January of 2022.

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
2021-11-24 02:30 PM Nov 4.2 4 3.2
2021-12-23 02:00 PM Dec 3.6 4.2 5.5
2022-01-25 02:00 PM Jan 3.6


Related Last Previous Unit Reference
Business Confidence 3.60 4.20 points Dec/21
Capacity Utilization 80.30 80.80 percent Dec/21
Changes In Inventories 2708.00 1091.00 EUR Million Sep/21

News Stream
Belgium Business Morale at 9-Month Low
The business confidence barometer in Belgium edged down to 3.6 percent in December of 2021 from 4.2 in the previous month. It was the lowest level in business morale since March as sentiment weakened in business-related services (10.2 vs 15.3), particularly the outlook for activity; and building industry (1.2 vs 2.3) due to contraction in order books and lower use of the available equipment. Also, sentiment declined further for trade (-3.5 vs -2.4) on account of lower forecasts for employment and orders placed with suppliers. Meanwhile, business confidence increased in manufacturing industry (2.5 vs 3.1) due to a more favourable assessment of stock levels.
2021-12-23
Belgium Business Morale Rebounds in November
The business confidence barometer in Belgium edged up to 4.2 in November of 2021 from 4 in the previous two months. Business confidence increased the most in the building industry (2.3 vs 1.1 in October), mainly on the assessment of order books, followed by the manufacturing industry (2.5 vs 2.3), driven by higher demand expectations. On the other hand, sentiment deteriorated in trade (-2.4 vs -2), due to lower demand forecasts, and in business related services (15.3 vs 16.4), due to lower assessment of current activity.
2021-11-24
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 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.