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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BelgiumBelgium NBB Business Climate fell to -15 in March 2013
FMPMonthlyReleased March 2013
Belgium NBB Business Climate fell to -15 in March 2013, down 4 from February's -11 reading. The reading missed the -10.5 consensus by 4.5.
Latest Release
-15
Actual
-10.5
Consensus
-11
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
NBB Business Climate (Belgium) was reported at -15.00 in March 2013. This missed the market consensus of -10.50 by 4.50. The reading fell from the previous value of -11.00.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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NBB Business Climate - BE
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About NBB Business Climate — Belgium
DEFINITION
The NBB Business Climate is a key financial indicator that measures the overall sentiment and outlook of businesses in a particular economy. It is based on a survey of business leaders and provides valuable insights into the current and future economic conditions. This indicator is widely used by investors, policymakers, and analysts to assess the health of the business sector and make informed decisions. A positive NBB Business Climate indicates a favorable business environment, while a negative reading suggests potential challenges and risks.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -15, consensus -10.5.