Economic Confidence in Belgium remained broadly stable in September, data from the National Bank of Belgium showed Friday. The relevant index, however, came in above economists' expectations.
The economic confidence index was at -11.6 in September, broadly unchanged from the previous month's reading of -11.8. Economists were looking for a figure of -11.3.
Confidence in the manufacturing industry weakened slightly during the month, with the corresponding sub-index dropping to -13.7 from -13.2. Meanwhile, the measure of confidence in the construction sector rose notably to -8.8 in September from -13.9 in the previous month, indicating an improvement in sentiment.
Belgian traders were less downbeat about their businesses during the month. The relevant indicator increased to -13.9 from -15.2 in August.
The sub-index for business-related services dropped to -4.4 from -2.3, suggesting that entrepreneurs in this sector turned more pessimistic about their business conditions.
by RTT Staff Writer
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