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- The National Bank of Belgium’s business barometer has dropped in February
The National Bank of Belgium’s business barometer has dropped in February
This is the first time it has deteriorated since August 2016.
It was only in the manufacturing industry that business confidence weakened. In the trade and building sectors, the business cycle actually picked up a little. And lastly, in business-related services, the economic climate stabilised in February, after having improved for four months in a row.
The downturn in the manufacturing indicator is primarily attributable to an unfavourable assessment of total order books and stock levels.
The slight recovery of confidence in the retail trade sector is due to considerably more optimistic expectations regarding employment.
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