Company managers less confident in future of their activities
Share article:
Share article:

Company managers less confident in future of their activities

© Belga
© Belga

The confidence of Wallonia and Brussels heads of companies regarding the development of their activities has eroded, revealed the barometer of small- and medium-sized companies of Union des classes moyennes (UCM), as made public Monday. Economic activity has slowed down in the past three months, “confirming fears declared following the terrorist attacks in Brussels.”

Established every quarter, the UCM barometer measures the level of activity of small and medium-sized companies of the Wallonia-Brussels Federation, through several indicators. An index above 100 is a sign of a positive evolution in the environment, while an index of less than 100 represents negative development. The general index has a value of 98.2 for the second quarter, slightly higher than that of the first three months of the year (+0.4 points) and somewhat lower in relation to the second quarter of 2015 (-0.4).

Of the ten elements which make up the index, eight are below 100 and two are above. In this way, according to the 320 independent entrepreneurs and company managers surveyed, the volume of activity has regressed somewhat in relation to the first quarter (99.1; -0.3). Regarding activity for the next three months, the level of confidence of company heads is 100.9, thus generally positive. But this index has gone down two points since the beginning of the year.

There has been considerable decrease in confidence particularly as a result of “the terrorist attacks of March 22nd, (which) have generated an environment of fear which does not favour the presence of consumers in public places,” explained the UCM. For company managers, pessimism is higher in mid-2016 than it was one year earlier. Uncertainty is still considerable under the context of terrorist attacks, but also as a result of Brexit, was the barometer’s indication.   

(Source: Belga)

Latest news

Thousands march in Brussels to raise awareness of violence against women
More than 3,000 people took to the streets of Brussels on Sunday afternoon for a national march to raise awareness of violence against women in ...
Efficacy of vaccines against new variant known in a few weeks, virologist says
The efficacy of the current coronavirus vaccines against the new Omicron variant will be clear in one to two weeks, Belgian virologist Marc Van Ranst ...
Scientists could have communicated better during pandemic, survey shows
The majority of Flemish people continue to trust scientists, however, only half of them feel scientists communicated understandably during the ...
Closing borders and new travel restrictions: Countries react to Omicron variant
As more cases of the new Omicron variant of the coronavirus are being reported across the world, more and more countries are imposing tougher travel ...
Several rush hour train services to be scrapped from Monday
Up to ten peak time trains to and from Brussels will be temporarily cancelled starting from Monday, Belgian railway company SNCB announced this ...
Europe’s largest vintage clothes store is in Ghent this weekend
Europe's largest pop-up store for second-hand clothes is once again setting up shop in Ghent on Sunday, offering more than five tonnes of vintage ...
Animal welfare in EU’s pig meat sector: What’s wrong?
EU has put into place legislation to ensure that animal welfare conditions are respected in its agricultural policy but the breaches of its ...
‘Not feasible’: Doctors refuse to follow new testing strategy
Doctors have warned they will not follow the government's adapted testing strategy which would see vaccinated people who were in close contact with a ...
Flanders introduces ‘invisible’ speed cameras
New digital speed cameras that are essentially invisible to the road user are being introduced on various roads and motorways in Flanders, Flemish ...
Warnings issued for slippery roads across Belgium
Drivers have been asked to watch out for slippery roads from Saturday afternoon until Sunday evening, as snow and cold temperatures are expected ...
Testing rules following high-risk contact eased for vaccinated people
The coronavirus testing policy following a high-risk contact has been eased, meaning a vaccinated person who was in contact with an infected person ...
New measures announced for Belgian schools
Stricter rules are being implemented across a variety of sectors in Belgium to curb the rising number of infections and limit the damage as a result ...