Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Belgium Business Sentiment Posts Biggest Drop in History

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2020 | 09:39am EDT

By Maria Martinez

Belgium business sentiment slumped in March, showing the biggest monthly drop ever recorded in the history of the indicator, in line with sharp declines in business confidence in other eurozone countries amid the rapid spread of the coronavirus.

Business confidence in Belgium dropped to minus 10.9 in March from minus 2.7 in February, the National Bank of Belgium said Wednesday. The outcome is above economists' consensus forecast of minus 20.0 in a survey by The Wall Street Journal.

Despite the sharp drop of 8.2 points, the National Bank of Belgium says the March indicator doesn't yet fully reflect the deterioration of business sentiment, as survey replies were received from March 2 to 24 and some replies were therefore drafted before the latest confinement measures that came into force on 18 March.

All sectors have been affected, with business services paying the highest price, the national bank said.

The decline in the mood in Belgium follows the strongest fall in the Ifo business confidence index since German reunification, to 86.1 points in March, below the 87.7 points of the preliminary estimate published last Thursday.

Investors will now look ahead to Thursday's release of France's monthly business survey.

 

Write to Maria Martinez at maria.martinez@wsj.com

 

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
11:18pZoom hires ex-Facebook security chief as Google bans desktop app
RE
11:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
11:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11:08pCENTAURUS METALS : 2020-04-09 Jaguar Acquisition Completed Following Regulatory Approval | 375KB
PU
11:08pCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Fresh steps signal exports on goods trains to bridge China and Europe
PU
10:43pQiming Venture Partners raises $1.1 billion to fund healthcare, technology
RE
10:33pAsian stocks gain on hopes pandemic is approaching peak
RE
10:31pAsian stocks gain on hopes pandemic is approaching peak
RE
10:25pHong Kong central bank cuts bills issuance to shore up liquidity
RE
10:18pAVZ MINERALS : Share Placement Update
PU
Latest news "Economy & Forex"