Belgian Business Confidence Shows Very Modest Improvement in January
By Maria Martinez
Belgian business sentiment rose slightly in January, recovering
for the second consecutive month, data from the National Bank of
Belgium showed Monday.
Business confidence in Belgium went up to minus 7.5 in January
from minus 8.4 in December. This compares with a forecast of minus
6.5 by economists polled by The Wall Street Journal.
The increase is mainly due to the upturn in construction and,
for the second consecutive month, in the services sector. On the
other hand, businesses appeared more pessimistic in the trade
sector and in the manufacturing industry, the National Bank of
The economic situation picked up in the building industry in
January, and the indicator rose to minus 8.0 from minus 13.0 in
Confidence also gained strength in the services sector, albeit
at a slower pace than observed in December, with an increase to
minus 10.2 in January from minus 13.1 in December.
In the trade sector, the modest decline to minus 25.0 from minus
24.6 in December is a result of more subdued prospects for
employment and demand.
For the first time since June, the indicator slipped for the
manufacturing sector, although only very marginally, to minus 5.4
from minus 5.1. Appraisals of order books have deteriorated and
business leaders have a more negative vision of anticipated trends
in demand over the next three months, the report said.
Write to Maria Martinez at firstname.lastname@example.org
(END) Dow Jones Newswires
January 25, 2021 09:14 ET (14:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.