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July BNB Survey Adds to Slew of Declining Confidence Indicators

BELGIUM
MNI (London)

BELGIUM JUL BNB BUSINESS SENTIMENT -2.8; JUN -1.8

  • Belgian business confidence weakened for the third consecutive month in July, adding to a slew of falling confidence indicators across the Eurozone. This was the lowest reading since February 2021.
  • Trade saw the steepest decline, falling just shy of 6 points to -16.5 in July as business leaders prepare for waning demand in coming months.
  • Only the manufacturing industry saw sentiment improve, however, this was largely linked to strong inventory levels and current situation indicators. Demand and employment outlooks continued to darken.

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BELGIUM JUL BNB BUSINESS SENTIMENT -2.8; JUN -1.8

  • Belgian business confidence weakened for the third consecutive month in July, adding to a slew of falling confidence indicators across the Eurozone. This was the lowest reading since February 2021.
  • Trade saw the steepest decline, falling just shy of 6 points to -16.5 in July as business leaders prepare for waning demand in coming months.
  • Only the manufacturing industry saw sentiment improve, however, this was largely linked to strong inventory levels and current situation indicators. Demand and employment outlooks continued to darken.

Keep reading...Show less