Economics
Belgian Business Confidence Rises More Than Forecast
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Belgian business confidence improved more than economists forecast in August, easing concerns that the European economy may be headed back into a recession.
The confidence index for Belgium, the sixth-largest economy in the euro region, rose to minus 5.1 from minus 6.5 in July, the National Bank of Belgium in Brussels said today in an e-mailed statement. That’s the highest reading since May and is above the minus 6 projected by economists, according to the median of 11 estimates in a Bloomberg survey.