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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
BELGIUM
MNI (London)
BELGIUM SEP BNB BUSINESS CONFIDENCE -11.8 (FCST -8.6); AUG -5.8
- Belgian business sentiment worsened for the fifth consecutive month in September, sliding six points (vs expected decline of -2.8 points).
- This follows Germany's ifo index this morning, which fell to May 2020 levels.
- At -11.8, the index stands at a November 2020 low on the back of manufacturing, retail and services confidence worsening, driven by a fall in demand alongside employment prospects. Gas supply uncertainty and eurozone inflation expected at 9.7% in September underpin pessimistic growth outlooks.
- Italian and French sentiment is due on Wednesday and are anticipated to add to the worsening euro area outlooks. This adds to the possibility of eurozone Q3 growth coming in weaker than the ECB's September projection of +0.1% q/q.
Source: Belgium National Bank
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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