Belgium consumers grow pessimistic, businesses optimistic in AugustStaff Writer | August 27, 2018
The consumer confidence indicator produced by the National Bank of Belgium (NBB) dipped from 0.0 points in July to minus 3.0 points in August.
Europe The consumer confidence indicator dipped to minus 3.0 points
On the other hand, the NBB’s business confidence indicator rose from minus 1.3 points in July to minus 0.3 points in August.
The improvement came on the back of greater optimism in the manufacturing, trade and business-related services sectors, which more than offset a mild deterioration in sentiment in the building industry.
FocusEconomics panelists expect private consumption to expand 1.5% in 2018, which is down 0.1 percentage points from last month’s estimate. They project growth in private consumption of 1.8% in 2019.
Panelists expect fixed investment to expand 2.6% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, the panel sees fixed investment growing 2.5%. ■