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.

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Belgium Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
4.40 -1.00 9.20 -36.10 1980 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-25 02:00 PM Jan -7.5 -8.4 -9.5
2021-02-22 02:00 PM Feb -4.4 -7.5 -6.9
2021-03-25 02:00 PM Mar -1 -4.4 -3.1 -2.8
2021-04-26 01:00 PM Apr 4.4 -1 2.3
2021-05-26 01:00 PM May 4.4 4
2021-06-25 01:00 PM Jun
2021-07-26 01:00 PM Jul
2021-08-25 01:00 PM Aug


News Stream
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 at 2-Year High
The business confidence barometer in Belgium rose to -1.0 in March of 2021 from -4.4 in the previous month, reaching its highest score in two years. Sentiment improved in every branch of activity, with outlooks swinging to positive in the building industry (0.3 from -2.3 in February) and in business-related services (0.3 from -3.8). Moreover, optimism levels have significantly improved among entrepreneurs both in the trade sector (-10.3 from -18.2), and in the manufacturing industry (-1.0 from -4.0), due to renewed positive perceptions concerning demand, employment, and orders forecasts.
2021-03-25
Belgium Business Confidence at 1-Year High
The business confidence barometer in Belgium rose to -4.4 in February of 2021 from -7.5 in the previous month, hitting its highest level since February of last year. Sentiment improved in almost every branch of activity, with the most favorable outlooks being recorded in the building industry (-2.3 from -8.0 in January), business-related services (-3.8 from -10.2). In addition, confidence among manufacturers recovered to early 2020 levels (-4.0 vs -5.4), while that among traders became less negative (-18.2 from -25.0), although economic conditions still lag far behind pre-pandemic levels.
2021-02-22
Belgium Business Confidence at 11-Month High
The business confidence barometer in Belgium rose to -7.5 in January of 2021 from -8.4 in the previous month. It was the highest reading in business morale since February, mainly under the impetus of a marked upturn in the building industry (-8 vs -13 in December). The recovery has also been evident in business-related services (-10.2 vs -13.1). Conversely, the business climate in the manufacturing industry has deteriorated slightly (-13 vs -12.1), and in the trade sector (-25 vs -24.6).
2021-01-25

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.