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.