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Modest rise in Belgian business confidence in October
The National Bank of Belgium’s business barometer has firmed up again slightly in October. The business climate has picked up in the trade sector, as well as in the building industry and in business-related services, after two consecutive months of decline. However, unlike last month, the economic situation worsened a little in the manufacturing industry. In retail trade, just as in the building industry and business services, the improvement is essentially based on a clear upturn in demand forecasts. As for the loss of confidence observed in the manufacturing industry, this is entirely due to a downward revision ... (full story)