Belgium: Economic sentiment rises to 10-month high in February
Economic sentiment rose to 94.4 in February from January’s 90.3. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial sector and improved sentiment in the construction sector. Additionally, confidence in the services sector was healthier in February, while sentiment in the retail sector waned in the surveyed month. Finally, consumer confidence weakened in February.
Referring to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index fell in February.