Belgium Business HICP (flash)
Morale – July –
– July – %yoy

Median forecast* -2.0 2.7
High forecast -2.0 3.0
Low forecast -3.0 2.6
Previous period -1.1 2.7
—
No of responses 5 14
—

4Cast na 2.8
Action Economics na na
Barclays Cap. -2.0 2.7
BNP Paribas -2.0 2.7
Capital Economics -3.0 2.9
Citi na 2.8
Commerzbank -2.0 3.0
Cred. Agricole na na
DZ Bank na 2.7
Goldman Sachs na na
ING -2.0 2.8
Investec na na
JP Morgan na na
Natixis na 2.7
Nomura na na
RBS na 2.7
Soc. Generale na 2.6
UBS na 2.6
Unicredit na 2.6
Westpac na na
West LB na 2.7
—

M3 M3 (3mma) Private Sector
– June – April to June Loans – June
%yoy %yoy %yoy

Median forecast* 2.4 2.3 2.6
High forecast 2.6 2.3 2.8
Low forecast 2.0 2.1 2.4
Previous period 2.4 2.2 2.7
—
No of responses 12 8 2
—

4Cast 2.6 2.3 na
Action Economics na na na
Barclays Cap. 2.4 2.3 na
BNP Paribas 2.1 2.2 na
Capital Economics 2.1 na na
Citi na na na
Commerzbank 2.3 na 2.8
Cred. Agricole na na na
DZ Bank 2.4 2.3 na
Goldman Sachs na na na
ING 2.4 2.3 na
Investec na na na
JP Morgan na na na
Natixis 2.0 2.1 2.4
Nomura na na na
RBS na na na
Soc. Generale 2.3 na na
UBS 2.5 2.3 na
Unicredit 2.3 na na
Westpac na na na
West LB 2.6 2.3 na
—

Economic Business
Sentiment Sentiment
– July – – July –

Median forecast* 104.0 0.85
High forecast 105.0 0.85
Low forecast 102.0 0.84
Previous period 105.1 0.92
—
No of responses 11 3
—

4Cast 104.0 0.85
Action Economics na na
Barclays Cap. na na
BNP Paribas 103.6 na
Capital Economics 102.0 na
Citi 104.0 na
Commerzbank 104.0 na
Cred. Agricole na na
DZ Bank 104.6 na
Goldman Sachs na na
ING 102.0 0.85
Investec na na
JP Morgan na na
Natixis 104.0 0.84
Nomura na na
RBS na na
Soc. Generale na na
UBS 105.0 na
Unicredit 103.0 na
Westpac na na
West LB 104.6 na
—

Industry Consumer Services
Morale Morale Morale

Median forecast* 2.0 -11.0 9.2
High forecast 3.0 -9.9 9.5
Low forecast 1.0 -11.4 8.0
Previous period 3.2 -9.7 9.9
—
No of responses 8 6 5
—

4Cast 3.0 -11.4 9.5
Action Economics na na na
Barclays Cap. 1.8 -11.4 na
BNP Paribas 1.0 -11.0 na
Capital Economics na na na
Citi 2.0 -11.0 na
Commerzbank 2.5 na 9.0
Cred. Agricole na na na
DZ Bank na na na
Goldman Sachs na na na
ING na na 8.0
Investec na na na
JP Morgan na na na
Natixis 1.6 -10.8 9.2
Nomura na na na
RBS na na na
Soc. Generale na na na
UBS 3.0 na 9.5
Unicredit na na na
Westpac na na na
West LB 2.0 -9.9 na

———————————————————————–

* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, July 22.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]