Source : WAM
Belgium’s consumer confidence rose to +2 in November, reaching its highest level in four years and reflecting a more optimistic outlook among households.
A recent survey by the Federation of Belgian Enterprises (VBO) indicated that companies are facing pressures. Profits are declining, investment is slowing, and for the first time, no sector expects to add jobs in the next six months.
Economic activity improved slightly in the second half of last year, supported by services such as hospitality and ICT. However, the industrial sector continues to struggle, with higher costs, a strong euro, US import tariffs, and global overcapacity squeezing company margins.
The VBO expects Belgium’s economy to grow by just 1.1 percent in 2026, the same rate as in 2025. This growth is expected to be driven mainly by household spending, while business investment and exports remain weak. Employers warn that an economy relying on a single growth “engine” is highly vulnerable to shocks, including energy prices, interest rates, or geopolitical tensions.
VBO chief Pieter Timmermans called on the government to act swiftly on promised measures to boost competitiveness, including reducing energy costs, increasing labour flexibility, and cutting administrative burdens.
