Europe > Western Europe > Belgium > Belgium Business Confidence Tumbles In August

Belgium: Belgium Business Confidence Tumbles In August

2016/08/25

Belgium's business confidence sharply deteriorated in August, next two months of development, survey figures from the National Bank of Belgium showed Wednesday.

The business confidence index plunged to -3.1 from 1 in July. Economists had expected a modest decline to 0.8.

Weakness was witnessed across the board. Morale in the factory sector sharply declined, mainly due to weaker assessment of order books.

Sentiment in the business services sector eased next three consecutive months of development as firms viewed the current situation additional negatively and as a result, their expectations were dim.

Confidence in the construction sector fell on the back of a sharp fall in new orders and an unfavorable assessment of in general order books.

In trade, confidence decreased largely due to the sharp decline in the employment prospects and worsened request expectations.

Related Articles

UNWTO: International tourism – strongest half-year results since 2010
2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
US LNG exports make European market more competitive
2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
Belgium Consumer Confidence Unchanged In August
2017/08/22 Belgium's consumer confidence remained unchanged at a record high in August as households' expectations regarding the economy and the unemployment situation continued to improve, survey data from the National Bank of Belgium showed Monday. The consumer confidence index showed a score of 2 for August, unchanged from July. The score was comparable to the level observe during the cyclical peak of 2007, the bank had said in July.
Brussels Tourism launches its first Urban Culture Guide
2017/05/29 On Friday 19 May, during a press visit, visit.brussels launched its initial Urban Culture Guide. The growing interest part tourists for the numerous aspects of urban culture was the reason for the creation of this guide. Street art, tattoo parlours, skate & roller parks, record stores… this new guide provides lovers of the genre with all the city’s best spots. Urban culture is, presently additional than ever, a subject that has grabbed the imagination of young people (and those who are young at heart) all over the world. The Urban Culture Guide, a concentration of all the major venues for fans of street art, music and the like, was created to satisfy this new request.
Higher earning Why a university degree is worth more in some countries than others
2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.