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Belgium Business Barometer Declines Again Slightly in May
For the third consecutive month, the National Bank of Belgium's business barometer has dipped slightly. The decline in May is to be attributed exclusively to a marked deterioration of the business climate in the building industry, mainly due to a lower utilisation of the equipment and to a drop in orders received. Business confidence stabilised in the manufacturing industry and business-related services, while trade improved for the second time in a row. As a result of the gross curve's downward trend in recent months, the smoothed synthetic curve has reached a turning point, as a consequence of which the underlying ... (full story)
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