Belgian business sentiment improved in March

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In March, the Belgian business sentiment index showed a significant improvement after a decline during the previous three months, according to official data. In the manufacturing industry, the indicator of business confidence rose to minus 3.1 points from minus 4.6 points in February. In the business services sector, an improvement of 5.3 points from 5.1 points was observed. Trade also showed an improvement in sentiment, here the indicator rose to minus 5.9 points from minus 6.8 points. In the construction sector, where a slight drop in demand is expected in the near future, the business climate has worsened. The mood of construction companies fell to 5.2 points from 5.5 points in February.

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