Financial News: Belgium Economy Grows 0.3% In Q3; Inflation Highest

Belgium Economy Grows 0.3% In Q3; Inflation Highest Since April 2023

10/29/2026 - 08:40:00 (RTTNews)

(RTTNews) - Belgium's economy expanded at a faster pace in the third quarter, flash figures from the National Bank of Belgium showed on Thursday.

Separate official data showed that consumer price inflation accelerated further in October to the highest level in nearly three-and-a-half years.

Gross domestic product grew seasonally and calendar-adjusted 0.3 percent sequentially in the third quarter, following a 0.1 percent increase in the second quarter.

The value added in the service sector grew 0.4 percent, and that in the construction sector rose 0.2 percent. On the other side, the industrial sector logged a contraction of 0.1 percent.

On a yearly basis, the economy advanced at a stable pace of 0.7 percent.

Consumer price inflation climbed to 5.26 percent in October from 4.69 percent in September, figures from the statistical office showed. Moreover, this was the highest inflation rate since April 2023, when prices rose 5.6 percent.

The acceleration in inflation was mainly driven by a 33.2 percent surge in energy prices. Inflation based on the health index rose to 4.53 percent from 4.0 percent. Services costs were 4.73 percent higher, while the deflation in food products eased to 0.18 percent from 0.28 percent.

Excluding energy products and unprocessed food, core inflation softened somewhat to 2.8 percent from 3.0 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. PCE Price Index Increases In Line With Estimates In September (46 min(s), 03 sec(s) ago)
(RTTNews) - A closely watched report released by the Commerce Department on Thursday showed consum ...Full Story»

Belgium Economy Grows 0.3% In Q3; Inflation Highest Since April 2023 (51 min(s), 03 sec(s) ago)
(RTTNews) - Belgium's economy expanded at a faster pace in the third quarter, flash figures ...Full Story»

U.S. GDP Surges More Than Expected In Q3 (52 min(s), 03 sec(s) ago)
(RTTNews) - Economic growth in the U.S. exceeded economist estimates in the third quarter of 2026, ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 194,000 (54 min(s), 03 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a slight dip i ...Full Story»

Eurozone Economic Sentiment Weakens To 4-Month Low (02 hr(s), 19 min(s), 03 sec(s) ago)
(RTTNews) - Eurozone economic confidence deteriorated to a four-month low in October as sentiment ...Full Story»

UK Mortgage Approvals Decline (02 hr(s), 50 min(s), 03 sec(s) ago)
(RTTNews) - UK mortgage approvals declined in September amid rising mortgage interest rates, offic ...Full Story»

Hungary Trade Surplus Grows In September; Producer Price Inflation Accelerates (04 hr(s), 01 min(s), 03 sec(s) ago)
(RTTNews) - Hungary's foreign trade surplus increased in September compared with the same mont ...Full Story»

Spain Retail Sales Fall For Third Month (04 hr(s), 09 min(s), 03 sec(s) ago)
(RTTNews) - Spain's retail sales declined for the third straight month in September, the stati ...Full Story»