Consumer Prices: Inflation, as measured by the Harmonized Index of Consumer Prices (HICP), is expected to rise by 2.4% in Belgium for 2023. This indicates a moderate increase in consumer prices.
Labour Costs: Unit labor costs in Belgium are projected to increase by 4.09% in 2023. This suggests an increase in the cost of labor for businesses.
Employment: The domestic employment rate in Belgium for individuals aged 15-64 is expected to be 72.3% in 2023, showing a relatively high level of employment.
Unemployment: The unemployment rate in Belgium is forecasted to be 4.16% in 2023. While still relatively low, it’s important to monitor changes in unemployment rates.
Business Survey: Belgium’s manufacturing industry, building industry, trade, and business-related services show positive expectations for the general economic situation in 2023. This indicates optimism among businesses.
Consumer Confidence: Consumer confidence in Belgium is expected to improve in 2023, with a positive trend in expectations for the general economic situation.