The business confidence barometer in Belgium rose to a fresh record of 10.1 in July of 2021 from 9.8 in June, mostly driven by improving business climate in the manufacturing sector (10.0 from 8.8 in June) and the trade sector (-0.2 from -3.5), while confidence levels remained high in the business-related service sector (18.1 from 18.7). On the other hand, respondents in the building sector were markedly less optimistic (5.8 from 9.3), mostly on lower demand expectations and a worse assessment of order books. source: National Bank of Belgium

Business Confidence in Belgium averaged -7.08 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 August of 2021.

Business Confidence in Belgium is expected to be 1.50 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 2.50 points in 2022 and 3.40 points in 2023, according to our econometric models.

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Belgium Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
10.10 9.80 10.10 -36.10 1980 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-26 01:00 PM Apr 4.4 -1 2.3
2021-05-25 01:00 PM May 6.5 4.4 5
2021-06-24 01:00 PM Jun 9.8 6.5 5.2
2021-07-26 01:00 PM Jul 10.1 9.8 9.5
2021-08-25 01:00 PM Aug 10.1
2021-09-24 01:00 PM Sep
2021-10-25 01:00 PM Oct
2021-11-25 02:00 PM Nov


News Stream
Belgium Business Morale Rises to Fresh All-Time High
The business confidence barometer in Belgium rose to a fresh record of 10.1 in July of 2021 from 9.8 in June, mostly driven by improving business climate in the manufacturing sector (10.0 from 8.8 in June) and the trade sector (-0.2 from -3.5), while confidence levels remained high in the business-related service sector (18.1 from 18.7). On the other hand, respondents in the building sector were markedly less optimistic (5.8 from 9.3), mostly on lower demand expectations and a worse assessment of order books.
2021-07-26
Belgium Business Sentiment Hits Record High
The business confidence barometer in Belgium soared to 9.8 in June of 2021 from 6.5 in the previous month. It was the highest reading in business morale since series began in 1980, amid increased optimism among manufacturers (8.8 vs 4.9 in May); service providers (18.7 vs 14.8) and traders (-3.5 vs -6.5). On the other hand, confidence dipped a little among constructers (9.3 vs 9.7), the first decrease after five months of uninterrupted increase.
2021-06-24
Belgium Business Confidence Reaches 14-Year High
The business confidence barometer in Belgium climbed to 6.5 in May of 2021, the highest reading since July of 2007, from 4.4 in the previous month. It was the sixth consecutive month of improvement, amid increased optimism among business-related services (14.8 from 7.0 in April) and in the building industry (9.7 from 6.4), due to higher demand and activity expectations. Brighter outlooks were also recorded in the trade sector (-6.5 from -13.0) where demand forecasts have picked up. In manufacturing, company managers’ morale was broadly unchanged (4.9 from 4.6), as enhanced employment prospects were offset by a deterioration in the assessment of total order books and stock levels.
2021-05-25
Belgium Business Confidence at 10-Year High
The business confidence barometer in Belgium soared to 4.4 in April of 2021, the highest reading since March of 2011, from -1 in the previous month. Widespread optimism increased in business-related services (7.0 from 0.3 in March) due to demand and activity expectations. Additionally, brighter assessments were also recorded in manufacturing (4.6 from -1.0) and in the building industry (6.4 from 0.8) where demand prospects were all revised upwards. In contrast, confidence worsened in trade (-13.0 from -10.3), due to negative forecasts for employment and orders placed with suppliers.
2021-04-26

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.