Business confidence continues to decline sharply

Business confidence continued to fall during the month of November, with an overall synthetic curve of -16.6 against -15.5 in October, according to the monthly survey of the National Bank of Belgium (BNB). The economic barometer is deteriorating for the seventh month in a row.

The fall in confidence is especially marked in business services, due to a much more negative assessment of the level of activity and more reservations in the forecasts.

Employment forecasts are also less optimistic in trade even if those relating to demand have increased compared to last month. They also firmed up in the industry, however affected by unfavorable assessments of the order book and the level of inventories.

Only the construction sector escaped the downturn thanks to all the indicators on the rise, in particular the recent evolution of the order book.