Data from the National Bank of Belgium showed that after reaching a record high in July, business confidence in Belgium fell to “7.6″ from “10.1″ in August. This index for business confidence is used to represent expectations and the level of optimism of firms in different sectors of the Belgian economy. The number is derived from a panel of 6000 business leaders, who are contacted every month for their outlook. (It should be kept in mind that the numerical value used to represent this is somewhat arbitrary.) The level of business confidence recorded in July was the highest ever recorded since the current indicator for business confidence was composed in 1980. For more information, click here for the source of this article. To further understand what the Business Confidence Index exactly means, and how it is measured, click here.
