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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 APR BNB BUSINESS SENTIMENT -7.8; MAR -7.6
- Belgian business sentiment was largely stable in April, edging down by a modest 0.2 points due to weaker employment forecasts and order books. Overall business confidence remains a few below the long-run average.
- Manufacturing sentiment waned after four consecutive months of improvement, whilst services and retail trade confidence improved.
- Overall demand forecasts broadly improved in April, led by non-manufacturing sectors.
- In addition, price expectations eased across the board. This is an optimistic indication for further easing of inflationary pressures after the Belgian inflation rate inched up marginally to +6.7% y/y, breaking a five-month streak of cooling price pressures.
- This data follows the German IFO index released this morning, which edged up as outlooks brightened. Eurozone economic sentiment is due on Thursday, for which consensus has pencilled in a 0.6-point uptick to 99.9.
- In aggregate, euro area economic confidence data remains subdued, with a notable divergence between weak manufacturing and strong services outlooks. Yet positive signs of less pessimistic demand outlooks are materialising, implying firms are looking for a more robust 2023 than initially anticipated.
Source: BNB - Business Sentiment Index
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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