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. source: National Bank of Belgium
Business Confidence in Belgium averaged -7.18 points from 1980 until 2021, 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 May of 2021.
Business Confidence in Belgium is expected to be 2.00 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 0.80 in 12 months time. 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.